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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, the acquisition is expected to close in the fourth quarter 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 diaries and appointment books, desk 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, packaging and paperboard, and school and office products. Headquartered in the Group of annual sales of approximately $325 million and earnings 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 of product development and strategic acquisitions. is joining theSchool & 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, posters and other print media products for retail distribution. ''s products are marketed under the widely recognized brand. Its sub-brands 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 and Office Products division and achieving immediate benefits from this acquisition. Ruled pages feature one-week-per-two-page spread. Current and future month blocks can be referenced over a 12-month period. Printed on recycled paper with 30% postconsumer fibers. New, helpful features have been added to standard appointment books to create something very exciting. Now you can get the same user-friendly format you''ve come to depend on. Plus, you get pockets for storing important papers and business cards, a unique page marker back-cover flap that saves your place for easy access to information, a pen loop to keep a pen handy at all times (pen not included), a pad for note-taking and a tabbed telephone/address section that''s removable so you don''t have to rewrite your phone book year after year. This 12-month academic year desk pad adds color to your desktop while providing the functionality of a traditional monthly calendar. Features 2 7/8" x 2 1/4" unruled daily blocks, full-year calendar reference at bottom of each page and Julian dates. Nonrefillable. Do you need a new monthly calendar? Do you need some new planners for your home or office? Check us out. We offer a complete selection of day planners, appointment books, calendars and more. Find everything you need on our site.
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