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 user 2005-02-06 at 11:00:00 am Views: 43
  • #10087
    Clover Technologies
    Group Acquires Dataproducts Supplies Division of Ricoh Printing Systems America,

    OTTAWA, Ill., Feb 05 – Clover Technologies Group, LLC
    (Clover) of Ottawa, Illinois has acquired the North American and European
    compatible printing supplies divisions of Ricoh Printing Systems America, Inc.
    (RPSA), manufacturer of Dataproducts and other compatible supplies brands,
    effective February 1, 2005, as announced today by CEO Jim Schiefelbein and
    President Jim Cerkleski. Bill Barclay, former Executive Vice President of the
    RPSA supplies division, has been named President of the new Dataproducts USA,
    LLC division of Clover. Financing for the acquisition was provided by Bank One.

    World headquarters of Clover
    Technologies Group is in Ottawa, Illinois, along with its manufacturing and
    distribution facilities. Dataproducts division, with its western U.S.
    distribution center, is located in Simi Valley, California with manufacturing in
    Mexicali, Mexico and in Porto, Portugal. The three plants provide over 200,000
    square feet of combined manufacturing capacity of printer, fax and copier

    “We are extremely
    pleased the Dataproducts supplies organization is joining our Clover family,”
    says Schiefelbein. “This merger is a major step in our long-term growth strategy
    to become a worldwide leader in the supplies industry. Our customers will
    benefit, because both our organizations share commitments to superior
    engineering, quality manufacturing and extraordinary customer support. We will
    operate three manufacturing plants with distribution hubs in the eastern and
    western U.S., as well as in Europe.”

    Adds Cerkleski, “Clover has grown rapidly over the past
    four years to become one of the industry leaders by offering both original and
    compatible printing supplies primarily to the office products channel and to
    private brands. Dataproducts brand is an industry staple with over 40 years of
    technical experience as a respected printer manufacturer. We expect Clover and
    Dataproducts to operate as stand-alone divisions, except where obvious synergies
    and economies of scale create more value for our collective customers.”

    Clover is
    listed for the third year in a row on Inc. Magazine’s 500 fastest growing U.S.
    privately held companies in 2004 (#36). The company has grown at such an
    accelerated rate by offering one of the industry’s largest imaging supply
    product lines, which includes compatible toner and ink cartridges, as well as a
    full line of original (OEM) supplies. Clover’s industry-recognized brand name is
    Image Excellence(R), although its corporate strategy is as a private brand
    manufacturer with many nationally known brands.

    Barclay, who has headed the Dataproducts supplies group for twelve years, points
    out that, in addition to being one of the largest compatible toner suppliers to
    corporate America, Dataproducts brand of inkjet and ribbon supplies are the most
    widely sold in the retail channel. The Dataproducts(R), Ink Station(R) and
    I-Print(TM) brands of compatible ink cartridges, ink cartridge refill kits and
    printing ribbons are sold in a large variety of retail chains such as Sears,
    Kmart, Staples and Target stores.

    “We have
    enjoyed long success as members of an original printer manufacturing company,”
    says Barclay. “We became an industry leader first as an independent company,
    then as a member of the Hitachi group of companies while maintaining our
    Dataproducts brand equity. Recently, our parent company was sold to Ricoh
    Company. We saw, however, that in order to continue our leadership as a
    compatible printer supplies manufacturer, we needed to merge with a growing
    organization that was truly focused on our industry. As a result, we are excited
    to join with Clover Technologies, which we consider to be a dynamic company
    aligned with our quality and business philosophies.”