Acquisition of Industrial de Informatica de SV
November 4, 2013
To: All IIMAK Employees
From: Doug Wagner
Subject: Acquisition of Industrial de Informatica de SV
I am pleased to inform you that IIMAK has acquired the business of our Mexican TTR converting partner IDISA (Industrial de Informatica de SV) effective today, November 4, 2013. IIMAK and IDISA have enjoyed a strong relationship for more than a decade. IIMAK is IDISA’s largest supplier of jumbo TTR. In turn, IDISA is IIMAK’s primary channel to the Mexican TTR marketplace.
Founded in 1985, IDISA has their commercial and administrative offices in Mexico City and their TTR converting operation in Queretaro, Mexico (~ two hour drive northwest of Mexico City). They have developed a strong commercial presence with over 200 distributors throughout Mexico and Central America. Their focus on quality and serving the customer has earned them the leading market share position in Mexico.
IDISA will continue to operate under its current name and will be a wholly owned subsidiary of IIMAK. The current management team, led by General Manager Silvestre De la Torre, will continue in their current roles. We will continue to operate out of both the Mexico City and Queretaro facilities.
This is a strategic investment in our core TTR business. Mexico is the second largest TTR market in Latin America (Brazil is #1). The Mexican economy is growing and evolving. It is important for us to play a more active and direct role in this market given its size, growth potential and proximity to our largest market – the USA. We now have the ability to accelerate growth in Mexico by leveraging IDISA’s strong network of distributors to introduce new ribbon products and value added services. Additionally, this provides a foundation for us to launch our new portfolio of industrial ink products into this marketplace.
This marks the third acquisition completed in six months and continues to underscore the focus and commitment we have to our growth strategy and the continued support from our majority owners – Altus Capital Partners.
Our company continues to perform well and the future is bright! None of this is possible without the continued dedication and efforts from all of you.