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.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.