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Parts Now! Acquires Pieces Express in Canada
MADISON,
WIS. & LACOLLE, QUEBEC, July 06 WI-based PartsNow! announced today
it has acquired the Canadian firm Pieces Express, Inc.Based in Lacolle,
Quebec, Pieces Express is a leading Canadian distributor of laser
printer parts. The acquisition enables Parts Now!, which is already
thelargest supplier of laser printer parts in North America, to expand
its product offering in the Canadian marketplace. “We see this as an
intelligent combination of two well-regardedcompanies,” stated Kevin
Guy, Vice President of Sales and Marketing at PartsNow!. “We expect the
combined sales of Pieces Express and Parts Now! willallow us to become
the industry’s largest supplier in Canada inside the next 18 months,”
he predicted. “The acquisition of Pieces Express leverages the
strengths of both companies,” said Clifford Peterson, Principal at Banc
of America Capital Investors. “It strategically positions us to
accelerate our growth and enhance our capabilities in the North
American marketplace.” Parts Now! is primarilyowned by Banc of America
Capital Investors and Svoboda, Collins L.L.C.”We are excited to join
Parts Now!,” said Gilles Robichaud, President ofPieces Express. “Our
customers will benefit from their impressive track record of 16 years
of consecutive growth.”The two companies share little customer overlap,
giving each the abilityto capture additional business opportunities. In
addition, Parts Now! gainsstrategic distribution facilities in Quebec,
Vancouver and the MaritimeProvinces.Pieces Express will continue to
operate under the trade name Pieces Express, Parts Now! ULC. In 2005,
Pieces Express reported sales of $3.3million in Canada.About Parts Now!
arts
Now! LLC keeps business printing. With annual sales exceeding
$91million in 2005, it is the largest distributor of new and repaired
laserprinter parts in North America. Parts Now! is proud to be an
authorizeddistributor for Hewlett-Packard, Lexmark and Canon, Inc.
Visitwww.partsnow.com for more information.
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