Depot America is the most recent addition to Clover’s printer parts portfolio and advances its strategy of becoming a vertically integrated solutions provider. The combined organization of Image1 and Depot America is now the fastest growing supplier of laser printer parts and certified pre-owned printers in the world.
Jim Loden, President of Image1 said: “The acquisition of Depot America advances our global strategy to be the worldwide leader in printer parts. Depot America’s operational strength and phenomenal customer loyalty team make them a natural fit for the Clover organization and will raise the bar for world-class service.”
Depot America is headquartered in Farmingdale, New Jersey and is the major printer parts supplier for the East Coast.
John Tiano, President of Depot America, added: “Depot America is proud to become part of the Clover organization. Depot America’s operational excellence will help drive, support and add to all existing Clover/Image1 printer part processes and customized solutions. The breadth and reach of the Clover/Image1 organization will further elevate the level of service we provide to our existing Depot America customers. This transaction will immediately make Image1/Depot America the leading printer parts provider in North America.”
In November, Clover Holdings Inc acquired Environmental Reclamation Services (ERS), a collector and recycler of printer supplies. This latest acquisition continues Clover’s consolidation activities. Eric Martin, President of North American Sales for Clover said in the January issue of The Recycler: “There will be more expansions and acquisitions towards the end of the year and in Q1 and Q2 of next year . We’ll continue to hire and acquire the best in the industry.”
Clover’s acquisitions have been fueled by private equity firm Golden Gate Capital, which acquired a majority stake in the company in April.
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