TOSHIBA BUSINESS SOLUTIONS CONTINUES ITS AGGRESSIVE GROWTH STRATEGY WITH 46TH DEALER ACQUISITION
Latest Toshiba Business Solutions Network Acquisition Primes Toshiba for Success in Key Arizona Marketplace
IRVINE, California, (Nov 13, 2006)
Further growing its nationwide network of wholly owned subsidiary operations, Toshiba Business Solutions (TBS) today announced the acquisition of Arizona-based Business Equipment Group (BEG). The transaction represents TBS’ 46th acquisition since the inception of the company’s business expansion plan, supporting the overall objective of bolstering the TBS operation by acquiring leading independent dealers in strategic markets, including Arizona.
“With the acquisition of BEG, we’re continuing to realize our strategic growth objectives in key markets, particularly Arizona – a territory that until now, TBS did not have any in-market presence,” said Wayne Wilkinson, vice president / general manager, TBS. “BEG’s strong management team and aggressive business objectives mesh seamlessly with the TBS organization, and its solid heritage and reputation in the Arizona marketplace poise us for continued success.”
Headquartered in Phoenix, BEG operates from six locations throughout Arizona and San Diego, and has been in business for nine years. Prior to the acquisition, BEG sold only competitive brands of office equipment products. The company employs 155 people under the leadership of president Phil Blake and CFO, Frank Udvare, who will each remain in their current role.
“In our highly competitive industry, clients need an office automation partner that can really grow their business and take it to the next level,” said Phil Blake, BEG president. “Toshiba has the breadth and resources that enable us to do just that, and with its focus on customer satisfaction, our companies share the same core values. We’re thrilled to join the TBS family!“
About Toshiba America Business Solutions Inc.
Toshiba America Business Solutions Inc. (TABS) manages product planning, marketing, sales, service support and distribution of copiers, facsimiles, multifunction printing products, network controllers, and toner products throughout the United States, Mexico, Latin America, and the Caribbean. Headquartered in Irvine, Calif., TABS has four divisions: the Electronic Imaging Division; the Toner Products Division; the Document Solutions Engineering Division; and TOPAC U.S.A., Inc., dba Toshiba Business Solutions (TBS), a wholly-owned subsidiary corporation of TABS, that operates a network of wholly owned office equipment dealers throughout the United States.
Named the most favored manufacturer seven times by the Business Technology Association (BTA), Toshiba’s entire product line, customer support and marketing distribution policies are markers for the industry. Among the many other awards garnered in recent years, Toshiba was named the “Copier Manufacturer of the Year” six times by the Marketing Research Consultants (MRC), and has twice been named to the CIO 100 for being among the top 100 “bold” (2005) and “agile” (2004) companies in the world.
TABS is an independent operating company of Toshiba Corporation, the sixth largest electronics/electrical equipment company and the world's 72nd largest company in terms of sales. Ranked by Fortune magazine as the 9th Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2004 was approximately $55 billion.
For more information on Toshiba copier, facsimile, multifunction printing products, network controllers or toner products, or for a dealer in your area, call 1-800-GO-TOSHIBA or visit the TABS Web site at www.copiers.toshiba.com.