Synnex Canada acquires ink and toner business
May
2006 – Toronto : Synnex Canada has acquired all the assets of Azerty
United Canada’s ink and toner business from United Stationers.The
agreement, worth about $17 million, expand’s Synnex Canada’s printing
supplies distribution business.
SYNNEX Canada to Acquire Azertys Ink and Toner Business
SYNNEX
Canada Limited recently signed an agreement to expand its printing
supplies distribution business by acquiring substantially all of the
assets of Azerty United Canada’s ink and toner business from United
Stationers Supply Co.Both companies expect the transaction to close on
or before June 15, 2006.Total consideration for the purchased net
assets is calculated to be around USD $17 million. In the last 12
months ending March 31, 2006, revenues from the Azerty United Canada
ink and toner business was approximately USD $100 million.
SYNNEX
does not plan to retain the entire revenue run rate of the Azerty
United Canada business after the close of the acquisition.“This
acquisition will provide SYNNEX Canada with greater market share and an
expanded footprint, thus allowing us to provide an even higher level of
service to our customers and vendor partners,” commented Jim Estill,
Chief Executive Officer of SYNNEX Canada Limited, in a press release
from BusinessWire.