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Gerber Scientific Sells Graphics Unit

October 2, 2009 (FinancialWire) — Gerber Scientific, Inc. (NYSE: GRB) (Current Market Cap: $142.73 Mil.) said it has completed the sale of substantially all the assets and liabilities of its ND Graphics unit to a group of investors led by the president of ND Graphics. W

Financial terms of the transaction were not disclosed. However, the company said that the proceeds from the sale will be used to reduce its outstanding debt.

ND Graphics is a Canadian distributor in the sign making, specialty graphics and imaging markets.

South Windsor, Connecticut-based Gerber Scientific is a supplier of automated manufacturing systems for the sign making, specialty graphics and packaging, apparel and flexible materials, and ophthalmic lens processing industries.

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