Strategic acquisition strengthens LMI’s commitment to provide the Imaging Channel with a full line-card of OEM alternative consumables, hardware and related print solutions.
July 23rd, 2014 Phoenix Arizona – LMI Solutions (LMI), an R2 certified remanufacturer, distributor and recycler of award winning replacement monochrome and color toner cartridges, today announced the acquisition of Printersdirect LLC (Printersdirect). Printersdirect remanufactures premium quality business printers based in Atlanta, Georgia. Printersdirect clients include the leading distributors of imaging supplies and parts in North America and sells under the MPS Ready® brand.
The acquisition comes on the heels of LMI’s purchase of Global Printer Services (GPS) and consolidates the two leading providers of remanufactured printer hardware. As the three companies join forces, customers can leverage a complete end-to-end strategy to grow recurring revenues and profitability with top quality remanufactured printers, remanufactured toner and managed print infrastructure services.
“We’re listening to our customers and responding with investments like this acquisition to give dealers, whether buying direct or through distribution, another advantage over their competition,” stated Gary Willert President and CEO of LMI Solutions. “The remanufactured printer hardware category has become increasingly important to dealers who rely upon remanufactured consumables as a profitable alternative to high priced OEM. Many resellers have discovered after the fact that when customers ‘upgrade’ to new devices, they are also inadvertently returned to purchasing OEM cartridges. This causes the end users printing costs to dramatically increase and reseller profits to plummet. As a result, solution resellers are asking for an alternative to new devices – a device that has been engineered to perform as well as new, but which utilizes affordable and sustainable cartridges. That solution is a high quality remanufactured printer.”
“We’re thrilled to position the team behind LMI’s ambitious strategy of providing the aftermarket with a full set of products and services that mirror the OEMs,” stated Steve Francis, President of Printersdirect. “With the combined strengths of the three organizations, we are uniquely positioned to support our partners and are focused on delivering advances in product quality, programs and after sales service. This is a big win for any reseller interested in maintaining and increasing their market share while expanding their imaging offering.”
About LMI Solutions
LMI Solutions is an R2 certified manufacturer, distributor and recycler of premium replacement toner cartridges, related imaging supplies, remanufactured printers and turnkey Managed Print Infrastructure services. LMI distributes more than 5,000 SKUs, including the most popular OEM products, and is a recognized global leader for empowering dealers with Managed Print Services & Support throughout North America.
In 2013, BTA channel member voting selected LMI as the Winner of "Best Remanufactured Cartridges" following recognition from the MPSA and the coveted Readers Choice Award for the industries "Best MPS Program" and "MPS Infrastructure Provider".
About Printers Direct
Established in 1995, Printersdirect has remanufactured over 100,000 devices with over 30-business printer SKUs including popular HP and Lexmark products that ship within 1 to 5 days throughout North America. With a state-of-the-art remanufacturing methodology and an advanced distribution network, Printersdirect saves customers approximately 30 – 50% with remanufactured print devices specific to the unique needs of managed print providers seeking end user satisfaction and maximum fleet profitability. Since its inception, Printersdirect has been a go to source for superior quality products and complimentary support programs that benefit channel dealers and industry distributors.