Paxar Increases its Ownership of Bornemann Barata to 100

WHITE PLAINS, N.Y., Oct. 13 /PRNewswire/ -- Paxar Corporation (NYSE: PXR) today announced that it has completed the purchase of the 57% of Bornemann Barata, S.A., which it did not own previously. Paxar indirectly acquired 43% of the Barcelona-based company in May 2000 in connection with the purchase of Bornemann & Bick KG.

Bornemann Barata, co-founded by Mr. Joaquin Barata, is a full-service provider of apparel identification products to Spanish retailers and apparel manufacturers. Mr. Barata has been appointed Managing Director of the combined operations of Bornemann Barata and Paxar Iberia, S. A. The operations of these businesses will be merged in the near future.

Mr. Paul Griswold, President and Chief Operating Officer of Paxar, stated, "The acquisition of the remaining 57% of Bornemann Barata is another step in our program to seamlessly integrate the Bornemann & Bick companies into the Paxar network. We are delighted to have Joaquin Barata manage Paxar's business in Spain. His entrepreneurial spirit and solutions-oriented approach to customers will enable Paxar to continue its growth in this important market."

Paxar is a global leader in providing innovative, value-added identification and tracking solutions to retailers, apparel manufacturers and selected markets where Paxar has unique capabilities.

Statements in this release about the future outlook related to Paxar Corporation involve a number of factors affecting the Company's businesses and operations that could cause actual future results to differ materially from those contemplated by forward-looking statements. Forward-looking statements include those indicated by words such as "expect". Affecting factors include general economic conditions and the performance of the Company's operations within its prevailing business markets around the world, as well as other factors set forth in Paxar's 1999 Form 10-K Annual Report.

For more information on Paxar, call Investor Relations, 914-697-6862, or visit our company's Web site, www.paxar.com . SOURCE Paxar Corporation

CONTACT: Bob Powers, Director, Investor Relations, of Paxar Corporation, 914-697-6800, fax, 914-696-4128, 914-697-6862/