*NEWS*WEST POINT PRODUCTS ACQUIRES MULTI-LASER INC

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*NEWS*WEST POINT PRODUCTS ACQUIRES MULTI-LASER INC

 user 2008-04-04 at 3:03:25 pm Views: 62
  • #19789

    West Point Products Acquires Multi-Laser
    April
    2008 West Point Products and Multi-Laser Inc. announced that they have
    reached an agreement in principle for West Point Products to acquire
    Multi-Laser. The companies expect to finalize the transaction by the
    end of April.Multi-Laser has been an industry leader in producing
    compatible imaging supplies since 1988. “Multi-Laser is a company with
    an excellent reputation in the industry, and has corporate values
    consistent with West Point Products. We are extremely happy to have
    Multi-Laser join the West Point Products family,” said Tom Day, CEO of
    West Point Products.

     West Point Products intends to have a
    significant Canadian presence including a sales office, distribution
    center, and production operations.West Point Products intends to have a
    significant Canadian presence including a sales office, distribution
    center, and production operations. “Canada is a significant market
    place for West Point Products and the acquisition of Multi-Laser gives
    us the necessary foothold to better serve our Canadian customers,” said
    Day. “We will now be able to service the Canadian market with a more
    extensive range of products and distribution capabilities.”Multi-Laser
    has also been a leader in bringing cutting-edge print management
    solutions to market. “Our two companies have complementing strengths,
    and similar cultures, so joining with West Point Products is a natural
    progression for us,” said Brian Cosgrove, CEO of Multi-Laser. “We are
    proud to be joining with such a well-respected leader in our industry,
    and we look forward to growing together and bringing exciting new
    products and services to our customers,” said Cosgrove.West Point
    Products has been a leading producer of compatible imaging supplies
    since 1972 and is both ISO9001:2000 and STMC certified. Upon completion
    of the acquisition of Multi-Laser, West Point Products will produce
    exclusively in the United States and Canada.