International Imaging Materials, Inc. Acquires QMS Thermal Transfer Printer Business

Strategic Insights -

International Imaging Materials, Inc. (IIMAK) has signed an agreement with QMS, Inc. to acquire the right to sell QMS thermal transfer printer ribbons, paper, and overhead transparencies to approximately 1,500 North and South American customers. This acquisition will boost IIMAK's fiscal 1997 revenues by approximately $4 million and create approximately 10 new jobs at the company's Amherst, New York headquarters. Historically, IIMAK sold color thermal transfer ribbons to QMS, which resold them to their customers. With this acquisition, IIMAK will now sell ribbons, paper, and transparencies directly to the owners of these printers.

Key Takeaways:

  • IIMAK has acquired the right to sell QMS thermal transfer printer ribbons, paper, and overhead transparencies to approximately 1,500 North and South American customers.
  • The acquisition will boost IIMAK's fiscal 1997 revenues by approximately $4 million.
  • The acquisition will create approximately 10 new jobs at IIMAK's Amherst, New York headquarters.
  • IIMAK will now sell ribbons, paper, and transparencies directly to the owners of these printers.
  • James H. Groh, IIMAK's executive vice president, stated that the acquisition is a win for everyone, increasing both revenues and earnings for IIMAK, while also expanding the local workforce.
  • QMS will use the proceeds from this transaction to fund new projects.

Statistics:

  • 1,500 North and South American customers will be affected by the acquisition.
  • The acquisition will increase IIMAK's fiscal 1997 revenues by approximately $4 million.
  • The acquisition will create approximately 10 new jobs at IIMAK's Amherst, New York headquarters.
  • IIMAK does not expect this transaction to have any material effect on its earnings during the current fiscal year ending March 31, 1996.
  • The company expects this new business to increase its revenues by approximately $4 million in fiscal 1997.

Sources:

  • BUSINESS WIRE: "International Imaging Materials, Inc. Announces Agreement with QMS, Inc." (September 25, 1995)
  • IIMAK Company Press Release (September 25, 1995)