DYNAMIC SUPPLIES BUYS TONER WAREHOUSE

[Anonymous]

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.

[Author]

October 18, 2006 at 12:50 PM