Nashua Acquiring Rittenhouse Paper

Nashua Corp. agreed to acquire all of the stock of Rittenhouse Paper Co., a privately held company which manufactures and markets a wide range of specialty paper, pressure-sensitive labels and imaging supplies.

Said Gerald Garbacz, chairman and CEO of Nashua, ``This strategic acquisition is another significant step in the continuing revitalization of Nashua. It will improve our distribution, broaden our customer base and fuel top- and bottom-line growth. It leverages Nashua's core competencies in paper and label manufacturing and adds several new products. The combined company will have a stronger and highly focused platform to expand our niche leadership positions and provide customers with unparalleled service.''

Rittenhouse manufactures and markets a wide range of specialty paper, pressure-sensitive labels and imaging supplies. In paper, Rittenhouse is primarily a converter of large rolls of paper into products such as cut/roll, bond paper, thermal, point-of-sale, ATM and wide format papers. In labels, it manufactures a wide assortment of pressure-sensitive and entertainment tickets for both commercial and consumer use. In imaging, it manufactures and markets ribbons for use in imaging devices. Rittenhouse has manufacturing facilities in Jefferson City, TN, Dekalb, IL, and Los Angeles, CA.