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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DECEMBER 7, 1995
Date of Report (Date of Earliest Event Reported)
NASHUA CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
1-5492-1 02-0170100
(Commission File Number) (I.R.S. Employer Identification No.)
44 FRANKLIN STREET, NASHUA, NEW HAMPSHIRE 03060
(Address of Principal Executive Offices) (Zip Code)
(603) 880-2323
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5 - OTHER EVENTS
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On December 7, 1995, Nashua Corporation issued the following press release:
NASHUA CORPORATION ANNOUNCES PLANS
TO SELL TAPE PRODUCTS DIVISION
COMPANY CONTINUES TO STREAMLINE COMMERCIAL PRODUCTS GROUP
Nashua, NH, December 7, 1995 - Nashua Corporation (NYSE.NSH) today
announced that it intends to sell its Tape Products Division, a division of
its $320 million Commercial Products Group. The Tape Products Division,
based in Watervliet, New York, manufactures and sells a broad range of tape
products for HVAC, industrial and general purpose applications.
To assist with the divestiture, Nashua has retained the services of
Chemical Securities, Inc. The Company hopes to complete the sale in early
1996. Following the divestiture, Nashua's Commercial Products Group will
be composed of three divisions: Specialty Coated Products, Label Products
and Imaging Supplies.
Joseph A. Baute, president and chief executive officer of Nashua
Corporation, stated, "Recently, Nashua realigned its Commercial Products
Group, creating three new, yet closely related, divisions focused on our
traditional core markets. We believe that selling our tape business is a
natural extension of this realignment due to its substantially different
markets, distribution channels and cost structure. The sale should allow
us to devote more management, technical and financial resources to our newly
created business units."
Nashua Corporation offers a diverse mix of products including thermal
papers, pressure-sensitive labels, specialty papers and tapes, copier, ink
jet and laser printer supplies, aluminum substrates, and amateur
photofinishing services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NASHUA CORPORATION
December 13, 1995 By /s/ Daniel M. Junius
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Daniel M. Junius
Vice President-Finance
and Chief Financial Officer
