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http://www.uspmagazine.com/news-detailed/1371/Armor-acquires-Wecare4/
EUROPE’s EMPTY CARTRIDGES COLLECTION LEADER
BUYS COMPETITOR
Armor acquires Wecare4
Compatible cartridge firms sign
agreement
Armor Group has signed an agreement for
the acquisition of Wecare4, a European leader in the collection,
manufacture and sales of remanufactured inkjet cartridges. The firm is
based in The Netherlands with a manufacturing unit in the Czech
Republic.According to a company statement, Wecare4’s strong
brand presence in Northern Europe is set to open up new opportunities
for Armor, notably in the Netherlands where Wecare4 products will
continue to be promoted under the Wecare brand.Hubert de Boisredon,
Armor Group CEO, explained: “Wecare4’s acquisition strengthens Armor’s
commitment in sustainable development. We become one of the very rare
players possessing mastery of the industrial process for all three key
ranges of the new generation consumables market: laser, new-built inkjet
and remanufactured inkjet. Armor will thus offer its customers a
complete in-house manufactured range, ensuring both a high quality
process and total product traceability.”Merging the Wecare4 and Armor
Office Printing businesses will create the only complete platform in
Europe to provide the whole range of new generation printing consumables
to customers from one single source.”With the Wecare4
acquisition, Armor Group forecasts a turnover of €170m in 2010 – €70m of
which will be generated by office printing. The new activity will be
managed by Pierre-Yves Léger, MD for Armor office printing activity.
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