June 1, 2003
Safeguard Acquired by NEBS DALLAS—New England Business Service (NEBS) plans to acquire Safeguard Business Systems in a $72.5 million all-cash transaction. The cash proceeds will be used to acquire all company stock, as well as to retire revolving loans and term loans with Safeguard's financial institutions. Safeguard will operate as a wholly owned subsidiary. This is a strategic move for both companies, allowing each to create competitive advantages in the marketplace. The company employs approximately 850 people, primarily in Dallas, Atlanta, Los Angeles and Philadelphia. Milwaukee Paper Gets KBA Press MILWAUKEE—The Milwaukee Journal Sentinel has installed three new Commander presses by KBA North America. The presses
