Ricoh Acquires California-Based Garment Printer Maker
Japan’s Ricoh Co. has completed a strategic agreement to acquire California-headquartered AnaJet, a manufacturer of digital direct-to-garment (DTG) printers.
Founded in 2006, AnaJet was one of the first companies in the world to mass produce DTG printers. Under the terms of the acquisition, the company will operate under its current name and management team, and maintain local operations that include more than 50 employees at its headquarters in Costa Mesa.
The acquisition “is the latest strategic investment by Ricoh to strengthen its industrial inkjet business while enabling its customers to move forward new ideas and drive imaginative thinking,” said Junichi Matsuno, general manager of Ricoh Ltd.’s Inkjet Business Division.
It will also “help Ricoh further its position in the industrial inkjet market, a market where Ricoh maintains global leadership in inkjet print head development,” he said. “With AnaJet’s solutions combined with the broad Ricoh portfolio, customers will now have the ability to more effectively deliver a broader solution set to their end users.”
Financial details of the acquisition were not disclosed.
Headquartered in Tokyo, The Ricoh Group specializes in office imaging equipment, production print solutions, document management systems and IT services. Ricoh operates in about 200 countries and regions.
In the financial year ending March 2015, Ricoh Group had worldwide sales of approximately $18.5 billion.
AnaJet is Ricoh’s second operation in Southern California’s Orange County. Another subsidiary, Ricoh Electronics Inc. operates a facility in Tustin that manufactures digital copiers, assembles chips onto circuit boards, and builds all-in-one machines that can print, copy, scan and fax.