|Armor strengthens its position on the printing consumables market|
Armor strengthens its position on the printing consumables market with the acquisition of Wecare4.
The Armor Group has signed an agreement for the acquisition of the Company Wecare4, a European leader in the collection, manufacture and sales of "remanufactured" inkjet cartridges.
Following the announcement on February 4th of a strong recovery in results for its new-generation compatible laser and inkjet cartridge business, Armor continues its process of growth and innovation dynamic and confirms its commitment to transforming its Armor Office Printing activity into a pillar of the Group’s profitability. This very significant investment will position Armor as one of the leading European manufacturers for new-generation (formerly called "compatible") inkjet cartridges.
Wecare4 headquarters is near Breda in the Netherlands. Its manufacturing unit is located in Moravský Písek in the Czech Republic. The company was created in 1993 and employs almost 200 staff. Its activity as a remanufactured inkjet cartridge producer is complementary with Armor’s. Armor thus becomes European leader on the three main product ranges for new generation cartridges (laser, new-built inkjet, "remanufactured" inkjet). Wecare’s strong brand presence in Northern Europe opens up new opportunities for Armor, notably in the Netherlands where Wecare4 products will continue to be promoted under the Wecare brand.
"Wecare4’s acquisition strengthens Armor’s commitment in sustainable development. We become one of the very rare players possessing mastery of the industrial process for all three key ranges of the new generation consumables market: laser, new-built inkjet and remanufactured inkjet. Armor will thus offer its customers a complete in-house manufactured range, ensuring both a high quality process and total product traceability”, explains Hubert de Boisredon, Armor Group CEO.