West Point Products to Acquire Multi Laser2 Apr, 2008
West Point Products to Acquire Multi Laser
Valley Grove, WV and Gananoque, Ontario (April 1, 2008) - West Point Products and Multi Laser Inc, both leaders in the imaging supplies industry, announced today that they have reached an agreement in principle for West Point Products to acquire Multi Laser. The companies expect to finalize the transaction by the end of April.
Multi Laser has been an industry leader in producing compatible imaging supplies since 1988. “Multi Laser is a company with an excellent reputation in the industry, and has corporate values consistent with West Point Products. We are extremely happy to have Multi Laser join the West Point Products family,” said Tom Day, CEO of West Point Products.
West Point Products intends to have a significant Canadian presence including a sales office, distribution center, and production operations. “Canada is a significant market place for West Point Products and the acquisition of Multi Laser gives us the necessary foothold to better serve our Canadian customers,” said Day. “We will now be able to service the Canadian market with a more extensive range of products and distribution capabilities.”
Multi Laser has also been a leader in bringing cutting edge print management solutions to market. “Our two companies have complimenting strengths, and similar cultures, so joining with West Point Products is a natural progression for us” said Brian Cosgrove, CEO of Multi Laser. “We are proud to be joining with such a well respected leader in our industry, and we look forward to growing together and bringing exciting new products and services to our customers,” said Cosgrove.
West Point Products has been a leading producer of compatible imaging supplies since 1972 and is both ISO9001:2000 and STMC certified. Upon completion of the acquisition of Multi Laser, West Point Products will produce exclusively in the United States and Canada.