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Commenting on the acquisition, Albert W. Ondis, Astro-Med CEO said: "The acquisition of Label Line is in accordance with the Three Year Strategic Business Plan we adopted in August, which calls for us to make a few modest acquisitions that, along with internal growth, will drive our revenue toward the $100 million mark. We expect this acquisition to allow us to realize approximately $5 million in sales that will be accretive to revenues as well as earnings."
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