Fujifilm Announces Agreement for Purchase of Royce Photo/Graphics, Inc.
Fujifilm North America Corporation, Graphic Systems Division, the leading supplier of equipment, products and services for the graphic printing industry announced today that it has entered into an agreement to purchase Royce Photo/Graphics, Inc. d/b/a Royce Imaging Technologies, a full-line dealer and authorized service center for the graphic arts and photographic market, operating in Salt Lake City, Utah. Shortly after the deal, which is expected to be completed July 1, 2013, Royce will become part of Fujifilm’s Graphic Systems Division as a sales, service and distribution center, effective July 1, 2013.
Founded in 1981 in Salt Lake City, Utah, Royce Photo/Graphics distributes offset printing plates, pressroom supplies, workflow software, bindery, and the latest digital inkjet technology equipment to a wide range of print providers. The company employs full-time technical specialists, installation and service engineers and account managers, equipped with leading-edge training on the latest industry technologies, providing customer operators with the products and application expertise to increase the productivity and efficiency of their print processes.
“At Royce, we help our clients be more competitive by seeking out new technologies that can improve productivity, and finding the most profitable solution for each individual customer,” said Roger Bland, president of Royce. “Fujifilm is our most valued partner in providing these solutions to our customers.”
Under its new Fujifilm identity, the company will continue to operate out of the current facility, distributing the same equipment and supplies from its portfolio of major suppliers, and delivering the same high quality service their customers have come to expect. Together, the companies are poised to take technology and service to an even higher level, enabling them to realize growth opportunities arising from their combined strengths.
“Royce reflects a passion for the graphic arts industry that is matched by Fujifilm. This transaction will bring together the complementary strengths of Fujifilm’s high-quality printing technologies with Royce’s outstanding record of service, to help grow the business within the graphic arts industry,” said Tak Yanagawa, division president, Fujifilm North America Corporation, Graphic Systems Division. “We are confident that together, we can further enhance Fujifilm’s abilities to provide the right solutions to help our customers.”
Fujifilm North America Corporation, a marketing subsidiary of Fujifilm Holdings America Corporation consists of four operating divisions and one subsidiary company. The Imaging Division provides consumer and commercial photographic products and services, including: photographic paper; digital printing equipment, along with service and support; personalized photo products; film; and one-time-use cameras; and also markets motion picture archival film and on-set color management solutions to the motion picture, broadcast and production industries. The Electronic Imaging Division markets consumer digital cameras, and the Graphic Systems Division supplies products and services to the graphic printing industry. The Optical Devices Division provides optical lenses for the broadcast, cinematography, closed circuit television, videography and industrial markets, and also markets binoculars. Fujifilm Canada Inc. sells and markets a range of Fujifilm products and services in Canada. For more information, please visit www.fujifilmusa.com/northamerica, go to www.twitter.com/fujifilmus to follow Fujifilm on Twitter, or go to www.facebook.com/FujifilmNorthAmerica to Like Fujifilm on Facebook. To receive news and information direct from Fujifilm via RSS, subscribe at www.fujifilmusa.com/rss.
Fujifilm Holdings Corporation, Tokyo, Japan, brings continuous innovation and leading-edge products to a broad spectrum of industries, including electronic imaging, digital printing equipment, medical systems, life sciences, graphic arts, flat panel display materials, and office products, based on a vast portfolio of digital, optical, fine chemical and thin film coating technologies. The company was among the top 10 companies around the world granted U.S. patents in 2012, and in the year ended March 31, 2013, had global revenues of $26.7 billion*. Fujifilm is committed to environmental stewardship and good corporate citizenship. For more information, please visit www.fujifilmholdings.com.
* At an exchange rate of 83 yen to the dollar.