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Kinko's sells stake

Published on .

Clayton, Dubilier & Rice, New York, acquired 30% of Kinko's Corp., the Atlanta-based chain of photocopy and duplicating service stores, for $214 million. The new capital will help fund Kinko's international expansion, centralize its 130 locations in a simpler corporate structure, and invest in communications and computing technologies to link stores. CD&R will nominate seven directors to a 13-member Kinko board.

Copyright January 1997, Crain Communications Inc.

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