Japan-US Business Report LogoJapan-U.S. Business Report

No. 345, June 1998

Issue Index

Japanese Companies in the US


PHOTO EQUIPMENT AND COPIERS

Document management equipment marketer SAVIN CORP., which is owned by RICOH CO., LTD., acquired for roughly $15.6 million the nationwide copier and facsimile-related retail operations of Morris Plains, New Jersey-based MONROE SYSTEMS FOR BUSINESS, INC. Earlier, Stamford, Connecticut-based Savin bought GESTETNER CORP., a competitor that also has a retail network. As a result of these two deals, Savin will have direct sales operations in most major U.S. markets for its digital copiers, full-color digital imaging systems, analog copiers, fax machines, digital multifunctional systems, and parts and supplies.

An exchange rate of ¥135=$1.00 was used in this report.
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