Ricoh Sells Four Direct Branches to RJ Young
While we’ve been accustomed to seeing manufacturers acquire independent dealerships, in a departure, RJ Young Company, an independent office-equipment dealer, has assumed ownership of four Ricoh direct channel commercial accounts in Huntsville, AL; Columbus, MS; Tupelo, MS; and Gulfport, MS. The deal is effective March 1st.
As part of the agreement, approximately 30 sales and service employees from Ricoh Business Systems will join some 400 RJ Young employees. While RJ Young Company will now support the commercial accounts in these regions, Ricoh will continue to retain all global, national, federal government and managed services customers in these areas.
“At Ricoh, we continue to look for ways to expand our commercial strategy and collaborate with our dealer community. We have identified a unique opportunity in these geographies in Mississippi and Alabama to provide a stronger collective Ricoh footprint in this commercial segment,” said Jim Coriddi, vice president of Ricoh America’s Dealer Division.
RJ Young has been in business for over 57 years, and is headquartered in Nashville, Tennessee. Its 400 employees are located throughout five states and 17 locations. For RJ Young’s complete range of products and services, visit www.RJYoung.com.