On August 23rd Frank Parsons signed a letter of intent to sell their Fine Paper Divisions located in Maryland, Pennsylvania, and Virginia to Lindenmeyr Munroe. They are working to close on this transaction no later than September, 30th, 2010. According to their web site:
“Our name, Frank Parsons, will not change and our ability to serve the paper needs of our commercial customers will remain the same. Instead it will allow Frank Parsons to focus all of our energy on serving Corporate America.

Just like we have for the last 28 years, we’ll continue to provide state of the art business solutions and office products including:

* The full range of office product solutions
o This means paper plus all your other office products needs

* Technology products such as:
o Data center solutions
o Storage area networks

* Business services including:
o Managed print services
o Post-warranty maintenance
o Printer maintenance
o Media buy back
o Data eradication services”