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Article: Workflow Management, Inc. Completes Divestiture of Non-Core Real Estate.
- Article from:
- PR Newswire
- Article date:
- July 31, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALM BEACH, Fla., July 31 /PRNewswire/ --
Workflow Management, Inc. (Nasdaq: WORK), the nation's leading unbiased outsourcer of print and office consumables, today announced that it has closed a sale-leaseback transaction of its five company-owned buildings.
Workflow expects to realize approximately $6.7 million after taxes and fees from this transaction, with the net proceeds being used to reduce debt under the company's revolving credit facility. Workflow was represented in this transaction by Insignia/ESG, Inc. (NYSE: IFS), one of the nation's leading providers of commercial real estate services.
Tom D'Agostino, Sr., Chairman, President and ...
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