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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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