EO Johnson announces latest acquisition
March 23, 2018
EO Johnson Business Technologies and Office Enterprises, Inc.(OEI)/Cornerstone Technology have announced the sale of OEI’s copier/printer division and Cornerstone Technology’s IT services business to EO Johnson (Cornerstone’s Digital Media is transitioning to OEI).
The sale was completed 9 March 2018, and since that date both companies have focused on notifying customers and transitioning the business.
EO Johnson says that it welcomes OEI’s service and administrative employees and the Duluth sales employee to its Imaging division. Cornerstone Technologies support, engineering, and administrative employees join Locknet® Managed IT Services, EO Johnson’s IT division. Total new employees transitioning to EO Johnson/Locknet are 22. EO Johnson is also retaining the current Cornerstone facility located at 505 S. 24th Ave., #204, Wausau where Locknet/Cornerstone will occupy.
The sale fits both companies’ strategic plans. According to Bob Lamovec and Seth Sierk, Co-owners – Office Enterprises, Inc., OEI will now focus energies on their core businesses of mailing equipment, furniture solutions, water systems, digital media, and other upcoming endeavours.
Mary Jo Johnson, CEO/Owner – EO Johnson Business Technologies, says the acquisition of OEI’s copier/printer division aligns perfectly with EO Johnson’s own imaging business. Likewise, both Cornerstone’s customer base and product offerings line up perfectly with Locknet’s client base and product focus. Both the imaging and IT acquisitions provide significant growth opportunities for EO Johnson and Locknet in the Central Wisconsin market.
Categories : City News
Tags : Acquisition Cornerstone EO Johnson OEI USA
