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Toshiba Business Solutions Acquires FKM Copier

1 Mar, 2005

Toshiba Business Solutions Acquires FKM Copier

Toshiba Business Solutions (TBS) has further strengthened its dealer presence on the west coast by today announcing the acquisition of FKM Copier Products (FKM). Headquartered in Irvine, Calif., FKM operates five facilities serving the greater Northern and Southern California areas. This acquisition is TBS' 33rd dealer acquisition since the inception of the company's market growth strategy. FKM is the first acquisition of CY2005, following nine acquisitions in CY2004 by TBS. FKM creates a major presence in the backyard of Toshiba America Business Solutions, Inc., which is headquartered in Irvine, Calif.

"Toshiba is a recognized leader in developing quality technology products and we are pleased to be joining forces with them," said Mike Cornwell, president, FKM. "Through the merging of our businesses, our company, our customers, and our employees all will benefit from the considerable resources that a partner such as Toshiba provides."

In business since 1979, FKM Copier Products has been one of the largest independently owned dealers in the United States, offering unsurpassed sales, service and supplies. FKM has won numerous office dealer awards, including being recognized by Office Dealer Magazine as an "Elite Dealer" the past five years running, being named one of BTA's "2005 Resellers of the Year," and being a J.D. Power and Associates "Certified Dealer." FKM currently employs 80 professionals.

"FKM will greatly enhance our goals of providing greater market presence in the Southern and Northern California areas," said Wayne Wilkinson, vice president of Business Operations, TBS. "FKM has been very successful in the markets they serve and we are pleased to welcome them as a Toshiba partner."

TBS' most recent dealer acquisitions include Becker Business Systems in Newburgh, N.Y., McRae Office Solutions in the Carolinas, and Allied Office Solutions in Kansas City, MO.

"FKM is a highly regarded dealership with a solid customer service infrastructure and we are excited to them have as a member of the Toshiba team," said Rick Taylor, senior vice president, Sales, Marketing and Operations, TABS.

For more information visit the TABS Web site at www.copiers.toshiba.com.

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