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NEUMAN's ACQUISITION OF OCP AMERICA WILL BOOST SALES PAST $1 BIL.

This article was originally published in The Tan Sheet

Executive Summary

NEUMAN's ACQUISITION OF OCP AMERICA WILL BOOST SALES PAST $1 BIL. in 1994, the Ridgefield, N.J.-based wholesaler estimated Jan. 31. With the acquisition of OCP America (formerly Ketchum), Neuman Distributors said its sales will "double," putting OCP America's sales at about $500 mil. Neuman's sales for 1993 are expected to be around $550 mil., the wholesaler said. Neuman acquired OCP America as of Jan. 31. Terms of the acquisition, as per a definitive agreement executed Dec. 18, are not being disclosed.
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