FOR IMMEDIATE RELEASE
January 20, 2005
Océ Acquires Azon Assets from Precision Paper Company
Chicago -- Océ (Nasdaq: OCENY), a global leader in digital
document management and delivery solutions, today announced the acquisition
of assets associated with two converting and distribution facilities in
Arlington, TX and Torrance, CA. These assets were purchased from Precision
Paper Company, a supplier of printing substrates to the reprographic
industry throughout the southeastern United States.
Precision Paper recently purchased these assets from InteliCoat Technologies
as part of a larger transaction in which InteliCoat divested its
reprographic business, primarily known for the Azon® branded product line.
Precision Paper, in turn, sold the interests in Arlington, TX and Torrance,
CA to Océ. Financial details were not disclosed.
Through its Océ Imaging Supplies division, Océ will serve the former
InteliCoat reprographic customers who purchased the AzonColor, Comstoc, and
Reprographic Classic brands of supplies for reprographic and computer-aided
design (CAD) printing applications.
Former Azon brand customers will be served through the current Océ sales and
distribution network, effective immediately. Current Azon phone and fax
numbers will remain in place for the next four weeks. A chart providing
equivalent Océ products for over 200 Azon products is available at
http://www.oceusa.com/azonproducts.
About Océ
Océ is a leading provider of digital document management technology and
services. The company¹s solutions are based on Océ¹s advanced software
applications that deliver documents and data over internal networks and the
Internet to printing devices and archives -- locally and around the world.
Supporting the workflow solutions are Océ digital printers and scanners,
considered the most reliable and productive in the world. Océ also offers a
wide range of display graphics, consulting and outsourcing solutions.
Netherlands-based Océ N.V. (NASDAQ: OCENY), with a workforce of more than
21,500 people and 2004 revenues of $3.3 billion, maintains research and
manufacturing centers in the Netherlands, the United States, Germany,
France, Belgium, the Czech Republic, and Japan. Océ¹s North American
headquarters is located in Chicago with major business units in Chicago; New
York City; Boca Raton, FL; Vancouver, BC; Salt Lake City; and Coventry, RI.
North American revenues were $1.2 billion for fiscal 2004, and employment is
currently 9,100. For more information about Océ, visit
www.oceusa.com. Outside the U.S., consult
www.oce.com.
Product and company names are trademarks or registered trademarks and are
the property of their owners and are respectfully acknowledged.
Oce USA
Chicago, IL
Phone: 800-445-3526 x5698
E-Mail: edwardss@oceusa.com
Website URL: www.oceusa.com
