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The announced today that it has agreed to acquire the Group of a purchase rice of approximately $550 million in cash. Subject to regulatory approval, year the acquisition is expected to close in the fourth quarter 2004 of. Upon completion, will become a wholly owned subsidiary of. is a leading producer and marketer of dated and time management products. The addition of , which produces, manufactures and markets wire-bound calender diaries and appointment books, desk year and wall calendars, posters, organizers, planners and related accessories, represents another step in stated strategy of growing the company''s core businesses of coated and specialty papers, 2004 packaging and paperboard, and school and office products. Headquartered calender in the Group of annual sales of year and 2004 approximately $325 million and earnings calender before interest, taxes, depreciation and amortization of approximately $70 million in the fiscal year ended. The company''s sales have doubled over the past four years, primarily as a result year of product development and strategic acquisitions. Recognized 2004 for its distinctive red, blue, and black calendar calender and year colors and yellow note area for hot items, this 2004 planner''s simplicity appeals to busy executives. Each QuickNotes® organizer calender includes dated year and 2004 monthly calender tabs and weekly calendar; business section with contact, expense, and goal-planning pages; projects, to-do notes; telephone address sections; year and a sturdy page marker/ruler, 2004 business card holder, handy zipper pouch, and note pad. Vinyl ring binder with zipper closure. Folio Organizer accessories come in a variety of styles to customize your organizer, and are both space-conscious and functional. Choose from page markers/rulers, calender storage pouches, year business card files and more. Companion Organizer accessories come in a variety of styles to customize your organizer and are both space-conscious and functional. Choose from page markers/rulers, storage pouches and diskette files. Companion Organizer accessories come in a variety of styles to customize 2004 and calender your organizer and are both space-conscious and functional. Choose from diskette files. Companion Organizer accessories come in a variety of styles to customize your organizer and are both space-conscious and functional. year Choose from page markers/rulers, storage pouches and diskette files. is joining theSchool & 2004 Office Products division, a leading manufacturer and distributor of school supplies and a provider of stationery products and computer accessories for home and office use. , with 1,800 employees, manufactures and markets calendars, diaries, appointment books, organizers and related time management and information products for the office products channel and coloring products, calendars, calender posters and other year print media products for retail distribution. ''s products are marketed under the widely recognized brand. Its sub-brands 2004 Day Minder, Standard Diary, Timeline, Landmark, Day Dream and Hometown are promoted under the umbrella to specific markets. By gaining ''s well known products and outstanding distribution capabilities, we''re taking a significant step forward in the implementation of our growth strategy, the president of School & Office Products. We look forward to making a seamless transition of desktop into our School calender and Office Products division and achieving immediate benefits from this acquisition. ©2003 www.business-calendar-site.com. All rights reserved. |