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Newspaper mailroom machinery manufacturer has consistently posted record quarterly net income
THE COMPANY THAT ACQUIRED MOST OF HALL PROCESSing Systems' business seven years ago is now considering its own sale. It's just one of several, otherwise unspecified possibilities Quipp Inc. will entertain as a successful supplier in a healthy and competitive newspaper mailroom systems market.
Miami-based Quipp, whose Quipp Systems Inc. makes equipment that processes newspapers from press folders to truck-loading docks, announced last Monday that it formed a committee of its directors led by board chairman Richard H. Campbell "to consider various strategic alternatives ineluding a possible sale of the company." It hired investment bankers Lazard Freres & Co, to assist its decision.
Quipp President and CEO Anthony P. Pert said It was premature to say too much now" other than that the committee will "explore different ways to maximize shareholder value" and that the action did not result from any...