Clover completes acquisition of LMI’s assets
September 20, 2019
Clover Imaging Group announced that it has completed its acquisition of the business assets of LMI Solutions.
On Friday 13 September the news broke that Clover Imaging Group had signed a definitive agreement to purchase LMI Solutions’ business assets. In connection with the transaction, Clover Imaging acquired all of LMI’s inventory, intellectual property rights and manufacturing equipment.
Eric Martin, President of Clover Imaging Group, said: “We are pleased to welcome LMI’s customers and employees to the Clover family. Our team is singularly committed to meeting and exceeding the needs of LMI customers by providing them with the highest quality products, services and support to help them grow their businesses. We are excited about the new opportunities in front of us.”
Talking about the acquisition, Jim Cerkleski, Chairman, Clover Imaging Group, said: “The purchase of LMI’s business assets enhances our capabilities, customer reach, and demonstrates our confidence in the strength of the imaging supplies market. Clover offers the only true alternative to OEMs with significantly higher margins for our reseller partners. In addition, with the focus on environmental sustainability at an all-time high, we are seeing businesses and consumers alike abandoning single-use cartridges for our lower cost, environmentally conscious printing solutions. We are excited for the future.”
Categories : City News
Tags : Acquisition CIG LMI Solutions
