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 user 2010-12-27 at 9:51:17 am Views: 101
  • #24301

    Holdings Inc. announces that it has acquired Depot America, a premier
    provider of products and solutions for the management of laser printers
    since 1988. Depot America is the most recent addition to Clover’s
    printer parts portfolio and advances Clover’s strategy of evolving into a
    vertically integrated solutions provider. The combined organization of
    Image1 and Depot America is now the fastest growing supplier of laser
    printer parts and certified pre-owned printers in the world.

    Loden, President of Image1, had this to say, “The acquisition of Depot
    America advances our global strategy to be the worldwide leader in
    printer parts. Depot America’s operational strength and phenomenal
    customer loyalty team make them a natural fit for the Clover
    organization and will raise the bar for world-class service.” Depot
    America is headquartered in Farmingdale, New Jersey and is the major
    printer parts supplier for the East Coast.

    John Tiano, President
    of Depot America, added, “Depot America is proud to become part of the
    Clover organization. Depot America’s operational excellence will help
    drive, support and add to all existing Clover/Image1 printer part
    processes and customized solutions. The breadth and reach of the
    Clover/Image1 organization will further elevate the level of service we
    provide to our existing Depot America customers. This transaction will
    immediately make Image1/Depot America the leading printer parts provider
    in North America.”

    “This acquisition is not only great for
    Image1 and Depot America, but even more so for our combined customers.
    As we bring the best of both companies together, we will be able to
    deliver the highest quality parts quicker and more economically than
    anyone else in the world,” said Loden.

    About Clover Holdings, Inc.
    Holdings Inc. is the global leader in providing vertically integrated,
    closed-loop environmental solutions, including the recycling and
    remanufacturing of imaging supplies. Founded in 1996 and with an annual
    revenue of over $500 million, Clover is one of the fastest growing,
    privately held companies in the United States. Clover is also the
    world’s largest collector and recycler of empty ink and toner cartridges
    in the aftermarket imaging supplies industry and provides comprehensive
    recycling services for small electronics including cell phones. The
    complete line of Clover’s quality imaging supplies is available through
    industry leading resellers and wholesalers and marketed under a variety
    of private label brands. To learn more, visit

    About Image1
    is the global leader in the distribution and manufacturing of laser
    printer parts and certified pre-owned printers, selling to printer
    service organizations and resellers. Headquartered in Plano, Texas,
    Image1 offers customers the best parts distribution capabilities in the
    industry, outstanding personalized customer service and market leading
    prices. Image1 also offers comprehensive recycling programs for toner,
    ink, maintenance kits and fusers and printers. To learn about our
    complete offering of products and services, please visit us online at

    About Depot America
    Depot America was
    founded in 1988 on a powerful combination of foresight, expertise and an
    unyielding commitment to innovation, quality and support services.
    Years of steady growth and many satisfied customers demonstrate our
    dedication to superior customer service and excellence in hardware
    technology, thus expanding and perpetuating our company’s impressive
    record of success. Today, Depot America is recognized as one of the
    leading hardware service sources in the industry. For more information,
    please visit