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BARBARA MURPHY

Eltron Shareholders OK Merger With Illinois Firm

November 10, 1998|BARBARA MURPHY

Shareholders of Eltron International in Simi Valley have approved a merger with Zebra Technologies Corp.

Eltron International is now a wholly owned subsidiary of Zebra, which is based in Vernon Hills, Ill. The transaction was structured as a tax-free pooling of interests.

Zebra Technologies manufactures thermal label printers used for bar code identification. Zebra also offers software and related supplies to its customers, which include more than 70% of the Fortune 500 companies.

Eltron manufactures thermal label printers, plastic card printers and security printing systems. Major users are in the package delivery, health care, retail, industrial, manufacturing, automotive, financial services, security and government markets.

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