Precision Paper Company Completes Dietzgen Acquisition

Precision Paper Company Completes Dietzgen Acquisition
Tampa, FL, February 21, 2012 --( Precision Paper Company announced today that it has purchased the assets of Dietzgen, a division of Nashua Corporation. The transaction, which closed on January 27, 2012, will allow for the Dietzgen brand, a recognized symbol of quality and service for over 100 years, to continue throughout the wide-format media industry. Additionally, several key members of the Dietzgen sales force have been retained to ensure a seamless transition.

The Dietzgen customer base will now be served by Precision’s national footprint which includes converting facilities in Tampa FL, West Haven CT, Houston TX, Charleston IL, and Corona CA with an additional distribution center in Atlanta, GA. The strength of this distribution network will offer improved delivery times, allowing for product to be positioned closer to the customer.

“We are extremely pleased to have completed the Dietzgen acquisition," stated Darren Letang, President of Precision Paper. "This acquisition fits perfectly within our strategic plan for growth and complements our existing business. The Dietzgen name is well respected in the reprographic industry and it gives me great pleasure to welcome all of the Dietzgen customers to our organization."

About Precision Paper Company
Precision Paper Company, headquartered in Tampa, FL engages in the converting and distribution of xerographic, inkjet, display graphics, and all reprographic related medias. The company was incorporated in 1989 and through its affiliated companies operates locations in Tampa FL, Atlanta GA, Houston TX, West Haven CT, Charleston IL, and Corona CA. Precision’s operating facilities encompass approximately 300,000 total square feet and include 15 automated converting lines.

Dietzgen Corporation
Chris M. Zarreke