ATLANTA, Georgia. BSC Ventures, LLC, a leading manufacturer of envelopes, bind-in order forms, file folders and medical imaging products today announced that it has completed the divestiture of its medical imaging products division, Techno-Aide, and its file folder division, Diversified Assembly. Techno-Aide was sold to an entity controlled by Hudson Valley Capital Partners, Inc. and Diversified Assembly was sold to Star Acquisitions, LLC. BSC used the proceeds to repay its senior bank facility in its entirety.

According to Stockton Croft, President & CFO of BSC Ventures "We are pleased to conclude these transactions as the proceeds will ultimately allow BSC to completely refinance its subordinated debt which carries a 21% interest rate.”

BSC Ventures engaged Croft & Bender, LLC as a financial advisor on the Techno-Aide sale.