1 EXHIBIT 99.2 Nashua Corporation 44 Franklin Street Nashua, NH 03061 603 880 2323 NEWS RELEASE Contact: Daniel M. Junius For Immediate Release Vice President-Finance & CFO May 20, 1996 (603) 880-2363 NASHUA CORPORATION COMPLETES SALE OF TAPE PRODUCTS DIVISION NASHUA, NH, May 20, 1996 -- Nashua Corporation (NYSE:NSH) today announced that it has completed the sale of its Tape Products Division, formerly part of its Commercial Products Group, to The Kendall Company, a wholly owned subsidiary of Tyco International Ltd. Nashua received $28 million for the net assets of the business which will be used to reduce Nashua's debt. The Company expects to record a pretax gain of approximately $12 million on the sale. As a result of the divestiture, Nashua's Commercial Products Group is now composed of three divisions: Specialty Coated Products, Label Products and Imaging Supplies. Nashua Corporation offers a diverse mix of products including thermal papers, pressure-sensitive labels, specialty papers, copier and laser printer supplies, aluminum substrates and photofinishing services. ### [LOGO]