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June 11, 1996|Times Staff and Wire Reports

Kinko's Sells Stake for $200 Million: The photocopy chain agreed to sell a minority interest to the investment firm Clayton Dubilier & Rice Inc. Kinko's plans to consolidate its 129 affiliated joint ventures, corporations and partnerships under one corporate entity. The investment will also allow Kinko's to expand its business, invest in new technologies and serve more customers in more locations, the firms said. Ventura-based Kinko's is one of the best-known providers of photocopy services nationwide. New York-based Clayton Dubilier manages investment funds with $1.5 billion from pension funds, college endowments, private foundations, banks and insurance companies.

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