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POLYVISION & ADP LEMCO ANNOUNCE STRATEGIC ALLIANCE
Partnership of Two Companies Provides Best-of-Class Service to Customers
Atlanta – (Apr. 27, 2004) – PolyVision Corporation,
the worldwide leader in visual communication products and a Steelcase
(NYSE: SCS) Company, today announced a new strategic alliance with ADP
Lemco, Inc., a West Jordan, Utah-based manufacturer and supplier of visual
display products.
Under this agreement, PolyVision will be the exclusive manufacturing agent
for all Lemco (the visual display division of ADP Lemco) products, including
marker, chalk, and tack boards, and other specialty products. PolyVision
will also exclusively manage the construction bidding process for Lemco.
ADP Lemco will maintain installation, customer service, and order entry
processes. All products will continue to be branded under the Lemco name.
“We’re very excited about this new partnership with ADP Lemco,
which we believe will be very beneficial to both companies” said
Mike Dunn, president and CEO of PolyVision. “ADP Lemco, like PolyVision,
has a long history of delivering quality visual communication products.
Together, this new alliance will leverage the strengths of the two companies,
and create an entity that will provide the best manufacturing, customer
service and point of sale support to our collective customers.”
“In our changing world of manufacturing, the alliance between PolyVision
and ADP Lemco, Inc. will allow the combined companies to concentrate on
bringing ’best in class’ products and service directly to
our customers,” said Ray McCormack, CEO of ADP Lemco, Inc. “The
future is extremely bright - as we continue to build upon our strengths
- not just for the immediate future, but for many years to come. We are
thrilled about the outlook.”
The strategic partnership of PolyVision and ADP Lemco allow the PolyVision
to leverage their existing bid center process and will increase their
market coverage and sales representation in Lemco’s service area,
which includes Colorado, Nevada, Southern Idaho, Utah, and Wyoming.
About PolyVision Corporation, a Steelcase Company
PolyVision Corporation enhances the way people learn, work, and communicate
visually through a broad portfolio of products. Since 1954, PolyVision
has focused on creating products and services that inspire users to be
more productive, effective, and creative when collaborating and communicating
visually. Whether it is developing the world’s number one selling
P3ceramicsteel™ surface, or creating the industry’s
first walk-up-and-use interactive whiteboard, PolyVision has an unparalleled
track record of new breakthroughs in the visual communication market.
For more information, visit www.polyvision.com.
About Steelcase Inc.
Steelcase Inc., a Fortune 500 company, helps individuals and organizations
around the world to work more effectively by providing knowledge, products
and services that enable customers and their consultants to create work
environments that integrate architecture, furniture and technology. Founded
in 1912 and headquartered in Grand Rapids, Michigan, the company has led
the global office furniture industry in sales every year since 1974. Its
product portfolio includes furniture systems, seating, lighting, storage,
architectural and technology products, and related products and services.
Fiscal 2003 revenue was approximately $2.6 billion. Steelcase Inc. and
its subsidiaries have dealers in more than 900 locations, 50 manufacturing
facilities in over 40 locations and approximately 16,000 employees around
the world. The company's Class A Common Stock trades on the NYSE under
the symbol SCS. For more information, visit www.steelcase.com.
About ADP Lemco, Inc.
LEMCO has manufactured visual display boards and related products for
over 45 years. The company has provided durable, quality markerboards,
chalkboards, tackboards, trophy cases, bulletin cases, executive presentation
cabinets, vertical and horizontal sliding chalkboard, markerboard and
tackboards and other specialty boards to thousands of schools, churches
and offices throughout the nation. For more information on ADP Lemco’s
products, visit their website at www.adplemco.com.
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