RICOH AMERICA CORP ACQUIRES A.B.S.

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RICOH AMERICA CORP ACQUIRES A.B.S.

 user 2008-05-28 at 3:37:33 pm Views: 124
  • #19968

    http://www.forbes.com/prnewswire/feeds/prnewswire/2008/05/01/prnewswire200805010900PR_NEWS_USPR_____NYTH057.html
    Ricoh Americas Corporation Acquires Associated Business Systems
    WEST
    CALDWELL, N.J., May 08– Ricoh Americas Corporation, a leading provider
    of office equipment in the United States, announced today it has
    acquired Associated Business Systems (ABS), a Ricoh dealer
    headquartered in Portland, OR. This acquisition signals a major
    expansion by Ricoh in the Pacific Northwest marketplace.Effective
    immediately, Associated Business Systems will become a wholly owned
    subsidiary of Ricoh Americas Corporation and be known as Associated
    Business Systems — A Ricoh Company. Craig Knouf, president of ABS will
    remain in his current position and have day-to-day responsibility for
    all sales, service and administrative operations. Additionally, Knouf
    will be responsible for Ricoh Business Solutions (RBS), operations in
    Oregon and Washington and will work to integrate these operations over
    the next few months.”We are very pleased to have ABS as a member of the
    Ricoh Group as we expand our operations in the Pacific Northwest, which
    has proven to be a most competitive marketplace,” said Kirk Yoshida,
    chairman and CEO of Ricoh Americas Corporation. “By bringing Craig
    Knouf into the Ricoh Group, we will have an established and successful
    business owner overseeing Ricoh operations. Craig has been an
    outstanding Ricoh dealer and is well positioned to help us grow and
    succeed in this market,” Yoshida added.”I look forward to helping Ricoh
    continue its growth in the Pacific Northwest by offering the most
    advanced product line in the industry,” said Craig Knouf, president of
    ABS “No other company is better positioned than Ricoh to be a top
    performer in this marketplace. The merging of the RBS operations into
    ABS creates a very powerful, entrepreneurial business with tremendous
    resources to deliver to our customers at a local level,” Knouf
    added.ABS was founded in 1997, and has 176 employees. ABS has been
    named to INC. Magazine’s 500 Fastest Growing Private Companies in the
    U.S. Additionally, ABS was named 2007 Dealer of the Year by the
    Business Technology Association and ABS was recently awarded Ricoh’s
    Chairman’s Award.

    About Ricoh Americas Corporation
    Ricoh
    Americas Corporation, headquartered in West Caldwell, N.J., is a
    subsidiary of Ricoh Company Ltd., the 72-year-old leading supplier of
    office automation equipment and electronics, with fiscal year 2007
    sales in excess of $19 billion, a 7.3 percent increase over the
    previous year.Ricoh Americas Corporation is a leading provider of
    document solutions. Ricoh’s fully integrated hardware and software
    products help businesses share information efficiently and effectively
    by enabling customers to control the input, management and output of
    documents.Ricoh Americas Corporation directly or through its network of
    authorized dealers markets and distributes products in North, Central
    and South America.Information about Ricoh’s complete range of products
    and services can be accessed on the World Wide Web at http://www.ricoh-usa.com
    .