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Standex News Release
STANDEX INTERNATIONAL CORPORATION · SALEM, NH 03079 · TEL (603) 893-9701 · FAX (603) 893-7324
FOR IMMEDIATE RELEASE
CONTACT:
Lindsay M. Sedwick Sr. Vice President/CFO
George F. Sweeney George F. Sweeney & Co./NY (212) 213-3388
SALEM, NH, FEBRUARY 11, 1997 . . . Standex International Corporation (NYSE:SXI) announced that it has acquired the assets of Apostles Publishing Company of Fullerton, California for an undisclosed amount of cash and royalties. In announcing the acquisition, Edward J. Trainor, Standex's President and CEO, said "The acquisition of Apostles Publishing provides our Standard Publishing group with developed curricula and an entry into the Christian school market which fits our plans for growth in that market. Standex publishes and markets religious educational materials and magazines to the expanding Christian market through its Standard Publishing division and operates a chain of 22 Berean Christian bookstores throughout the United States." Standex International, with sales for the fiscal year ended June 30, 1996 of $563 million and operations in the United States, Western Europe, Canada, Australia, Singapore and Mexico, is a diversified manufacturer in three basic growth areas: Industrial Products, Graphics/Mail Order and Institutional Products.
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