TOSHIBA IN ACQUISITION MODE

[Anonymous]

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<TD vAlign=bottom align=right width=”100%”><FONT style=”FONT-STYLE: italic” face=Arial,Helvetica,sans-serif color=blue>Toshiba in Acquisition Mode</FONT></TD></TR>
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<P><FONT color=blue size=3>Toshiba America Business Solutions Inc. has acquired Business Methods, an independent copier dealership based in Rochester, N.Y. which serves the western and central areas of New York. Business Methods will become part of TABS’ Toshiba Business Solutions (TBS) division, a network of acquired Toshiba equipment dealers. </FONT>
<P><FONT color=blue size=3>Business Methods is the 22nd acquisition by TABS since TBS was formed nine years ago. Former Business Methods’ owners Steven B. Sauer, Tim O’Neil and John J. Jabbour will remain with the company continuing their roles as president and executive vice presidents, respectively, running the day-to-day operations. </FONT>
<P><FONT color=blue size=3>The acquisition of Business Methods is Toshiba’s first acquisition in 2004. The acquisition is part of TABS’ overall objective to bolster the TBS operation by targeting large independent dealers in the top U.S. markets. </FONT>
<P><FONT color=blue size=3>TABS has most recently acquired Hawaii Business Equipment, Systems + Solutions in South Florida, Moody Business Associates (MBA) of Hayward, Calif. and OCS of San Antonio, Texas. </FONT>
<P><FONT color=blue size=3>”We are very excited to welcome Business Methods and its strong management team into the Toshiba family,” said Rick Taylor, senior vice president of sales and marketing, Business Operations, TABS. “We are confident that their new status as a TBS dealership will serve to enhance their already solid reputation for superior customer service and support.” </FONT>
<P><FONT color=blue size=3>Business Methods was founded in 1957 as an office equipment company. Today it is a $29 million company that focuses on copier sales with market solutions in three locations covering 28 counties in Western and Central New York.</FONT> </FONT></P></TD></TR></TBODY></TABLE>

[Author]

April 22, 2004 at 10:56 AM