DYNAMIC SUPPLIES BUYS TONER WAREHOUSE

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DYNAMIC SUPPLIES BUYS TONER WAREHOUSE

 user 2006-10-18 at 12:50:00 pm Views: 51
  • #16536

    Dynamic
    Supplies buys Toner Warehouse   

    AUSTRALIA OCT 2006Printer
    consumables distributor Dynamic Supplies has gobbled up competitor Toner Warehouse
    for an undisclosed amount.Company owner and director Alex Piccinini has used
    his own funds to purchase Toner Warehouse from its owner Isabel Fryer.Speaking
    to CRN, Piccinini said his acquisition gives the Brisbane, QLD-headquartered
    distributor a warehouse in Sydney and access to more vendors such as Epson and
    Brother although agreements with these vendors were now “under review.”“It [the
    acquisition] increases our exposure to vendors and gives us more volume and our
    customers access to stock in Sydney on a same day basis,” he said.Dynamic
    also ships product from warehouses in Brisbane, Perth and Melbourne.He
    described Toner Warehouse as a “good operation” which also gave Dynamic access
    to the Print-Rite range of compatible and remanufactured ink and toner
    cartridges.
    “We
    are going to be able to offer Print-Rite compatibles to our 3000 customers,
    which they have never had access to before,” he said.All 20 Toner Warehouse
    staff will retain their jobs taking the Dynamic headcount to 130 full time and
    casual staff, Piccinini said.Piccinini said Dynamic was aiming to achieve sales
    revenue of between $210 million and $220 million this financial year, ending
    June 30 2007, not including the $30 million in yearly revenue currently
    generated by Toner Warehouse.“Toner and ink is a good business,” he said.Fryer
    said that she sold the business mainly due to family commitments but would
    still be involved as a general manager.With three children and the distributor
    getting bigger, it was “hard to balance,” Fryer told CRN.In late 2003, Dynamic
    was embroiled in a legal battle with HP Australia stemming from the ending of
    Dynamic’s authorised distributor relationship with HP in July that year.The
    feud was settled in September 2004 with a NSW Supreme Court agreement binding
    both parties to silence.