Shaun Smith, Standard Register vice president, investor relations, said his company will provide Precision Dynamics products that it can’t produce and vice versa. New manufacturing won’t happen in Dayton, Smith said.
“This agreement is a win for both companies and the healthcare market,” Brad Cates, president of Standard Register’s Healthcare Business Unit, said in the statement. “It opens new avenues for our patient identification solutions, while giving us the means to more effectively respond to market demand and address the broad range of healthcare problems.”
“Our customers will immediately benefit from the combination of Standard Register and Precision Dynamics’ leading ID technologies and services, providing them with the best solutions to improve clinical outcomes,” Gary Hutchinson, president and chief executive of Precision Dynamics, also said.
Standard Register, a document services provider, has 575 Dayton employees.