*NEWS*SYNNEX ACQUIRES AZERTY’s TONER BUSS

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*NEWS*SYNNEX ACQUIRES AZERTY’s TONER BUSS

 user 2006-05-08 at 10:14:00 am Views: 91
  • #15381

    Synnex Canada acquires ink and toner business
    May
    2006 – Toronto : Synnex Canada has acquired all the assets of Azerty
    United Canada’s ink and toner business from United Stationers.The
    agreement, worth about $17 million, expand’s Synnex Canada’s printing
    supplies distribution business.

    SYNNEX Canada to Acquire Azertys Ink and Toner Business
    SYNNEX
    Canada Limited recently signed an agreement to expand its printing
    supplies distribution business by acquiring substantially all of the
    assets of Azerty United Canada’s ink and toner business from United
    Stationers Supply Co.Both companies expect the transaction to close on
    or before June 15, 2006.Total consideration for the purchased net
    assets is calculated to be around USD $17 million. In the last 12
    months ending March 31, 2006, revenues from the Azerty United Canada
    ink and toner business was approximately USD $100 million.
    SYNNEX
    does not plan to retain the entire revenue run rate of the Azerty
    United Canada business after the close of the acquisition.“This
    acquisition will provide SYNNEX Canada with greater market share and an
    expanded footprint, thus allowing us to provide an even higher level of
    service to our customers and vendor partners,” commented Jim Estill,
    Chief Executive Officer of SYNNEX Canada Limited, in a press release
    from BusinessWire.