WASHINGTON--(BUSINESS WIRE)--Sept. 10, 1996--U.S. Office Products Co. (NASDAQ:OFIS) Tuesday announced that is has closed 11 more companies from its record "June Class" of acquisitions.
The list of acquired companies (and their principal product markets) includes: -0-
AccessTo
Computer Supply of Novato, Calif. (office
supplies/contract stationery)
American Loose Leaf of St. Louis (office supplies/contract
stationery)
Office Innovation of Deerfield Beach, Fla. (office
supplies/contract stationery)
Raygo Coffee Enterprises, Inc. of Menomonee Falls, Wisc.
(coffee/breakroom supplies)
All Pro Vending of Dallas, Texas (coffee/breakroom supplies)
AAA Coffee of Seattle (coffee/breakroom supplies)
Mark's Office Furniture of Sarasota, Fla. (office furniture)
New World Vending of Baltimore (coffee/breakroom supplies)
Office Furniture Store of Cincinnati (office furniture)
HBI Office Interiors of Seattle (office furniture)
Kareg Marketing of Auckland, New Zealand (international)-0-
"We continue to close our `June class' transactions on the original timetable we set at the time of our announcement," said Jonathan J. Ledecky, chairman and CEO of USOP. "Our backlog of prospective new acquisitions continues to grow both here and abroad."
U.S. Office Products Co., one of the fastest growing contract stationers in the country, was founded in October 1994 to create a nationwide office products supplier, primarily to corporate, commercial, and industrial customers.
The company sells a full-range of over 28,000 office and educational products to customers in 34 states as well as in New Zealand and Australia. Since its inception, the Company has completed 86 acquisitions, with current annualized sales of approximately $2.3 billion.
CONTACT: U.S. Office Products
Donald H. Platt, 202/628-9500 or 800/330-6347
or
Edelman Financial
Ophelia Bumgardner (Analysts), 212/704-4517 or
Kate Sullivan (Media), 212/704-4453