|
WHITE PLAINS, NY, March 21, 2006
— Paxar Corporation (NYSE: PXR) announced today that
it has purchased the business and assets of Adhipress S.A.,
headquartered in Paris, for an undisclosed sum. With facilities
also in Bangladesh, Hong Kong and India, Adhipress is a supplier
of price tickets and merchandising tags to French hypermarkets.
In 2005, it had sales of €6.8 million ($8.2 million).
James Wrigley, President, Paxar EMEA, stated, "This acquisition
expands Paxar's market share in the French retail sector, which
accounts for five of the top 15 European retailers. It gives
Paxar the opportunity to rapidly grow by introducing its full
product line, including RF loss prevention solutions, to Adhipress
customers, among them the world's second largest retailer, Carrefour,
and also the Auchan retailing group."
Paxar Corporation is a global leader in providing identification
solutions to the retail and apparel industry, worldwide. Paxar's
leadership in brand development, merchandizing, information
services and supply chain solutions enables the Company to satisfy
customer needs around the world.
|