Konica Minolta Acquires OfficeWare

RAMSEY, NJ—Oct. 4, 2011—Konica Minolta Business Solutions U.S.A. announced it has acquired OfficeWare, a Kentucky-based regional full-service business equipment dealership with offices in Louisville, Lexington and Bowling Green, KY; Evansville, IN; Marion, IL; and Cincinnati, OH.

OfficeWare will operate as a wholly-owned subsidiary of Konica Minolta Business Solutions U.S.A. and maintain its current locations and roster of 125 employees. Current OfficeWare President, Rick Maxwell, will continue to lead the operation and report directly to Rick Taylor, president and chief operating officer, Konica Minolta Business Solutions U.S.A.

“This strategic acquisition positions Konica Minolta to further increase our market presence in a highly competitive marketplace,” said Taylor. “Our goal is to implement a multi-faceted growth strategy that encompasses organic growth, value-based partnerships with dealer partners, and acquisition where there is clear value for the customer and the company. OfficeWare has a long-established reputation for their ability to provide a complete breadth of solutions that includes technologies, services and expertise along with an exceptional management team.”

“My senior management team and I strongly believe that OfficeWare’s customers and employees will be best served as members of the Konica Minolta Team - a global leader with resources proven to produce results in this industry. While we will continue to honor our current commitments, the OfficeWare Team will demonstrate our long-term dedication to being the trusted document solution provider for our customers and future prospects,” said Rick Maxwell, President, OfficeWare.