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The American Photocopy Equipment Company (Apeco), which manufactured and marketed photocopy machines, was incorporated in 1954 after acquiring the name and assets of a limited partnership that had been in existence since 1939.

Beginning in 1952, sales grew quickly for Apeco after the company adapted for its use the transfer-diffusion process of producing photocopies. In 1952 Apeco earned $205,000 from sales of $2.5 million. Net income was $4.3 million on sales of $29.8 million by 1960. During this period, Apeco earned the reputation as a glamour stock as the office-copier industry took off.

The American Photocopy Equipment Company (Apeco), which manufactured and marketed photocopy machines, was incorporated in 1954 after acquiring the name and assets of a limited partnership that had been in existence since 1939.

Beginning in 1952, sales grew quickly for Apeco after the company adapted for its use the transfer-diffusion process of producing photocopies. In 1952 Apeco earned $205,000 from sales of $2.5 million. Net income was $4.3 million on sales of $29.8 million by 1960. During this period, Apeco earned the reputation as a glamour stock as the office-copier industry took off.


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