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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
NOVEMBER 21, 1996
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)
(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 November 21, 1996, Nashua Corporation (the "Company") announced that it had
completed the sale of its $29 million (revenue) mainland European film
processing operations to Spector Photo Group N.V., a Belgian-based film
processor. The Company indicated that it had received approximately $5 million
in net proceeds from the sale and expects to record a pre-tax loss of
approximately $3 million from the transaction in the fourth quarter.
The units sold include mail-order photofinishing services in France, Belgium,
the Netherlands and Spain. These units, along with a film-processing operation
in Northern Ireland, were purchased by the Company in January 1995. The Company
is retaining the Northern Ireland-based business.
Proceeds from the sale will be used primarily to reduce the Company's debt. The
ongoing operations of Nashua's Photo Group are located in the United States,
Canada, Great Britain and Northern Ireland.
The Company offers a diverse mix of products including photofinishing services,
thermal papers, pressure-sensitive labels and specialty papers, as well as
copier, ink jet and laser printer supplies.
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 11, 1996 By /s/ Daniel M. Junius
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Daniel M. Junius
Vice President-Finance
and Chief Financial Officer
