Anajet, Inc. to merge into Ricoh Printing Systems America, Inc. on June 1, 2020
Anajet, Inc. officially becomes direct-to-garment printing division of Ricoh Printing Systems America, Inc. Customer support, products, and services to remain the same.
TUSTIN, CA, May 1, 2020 – Ricoh Printing Systems America, Inc. (“RPSA”), a Delaware-incorporated company announces that on April 30, 2020, its Board of Directors has resolved to merge its wholly-owned subsidiary Anajet, Inc., a California-incorporated company, in an absorption-type of merger (the “Merger”), effective as of June 1, 2020 as follows.
1. Purpose of the Merger
As Ricoh Company, Ltd. (RCL) has been conducting a reorganization of the North America DTG business, RCL has decided on the Merger to pursue greater efficiency in management of subsidiaries. The Merger allows for more efficient synergies among Ricoh divisions, reduced overhead, and more streamlined work processes through consolidation of the division’s management team.
2. Summary of the Merger
Merger resolution by the Board of Directors — April 30, 2020
Date of the Merger agreement — April 30, 2020
Date of the Merger (the effective date) — June 1, 2020 (planned)
(2) Merger method
Short-form merger of the parent company, RPSA, absorbing its wholly-owned subsidiary, Anajet, pursuant to Delaware Corporation Code § 253. Anajet, Inc. will be dissolved as of the merger date.
(3) Allotment of shares and other assets upon the Merger
(4) Treatment of stock acquisition rights and bonds with stock acquisition rights of the merged companies
3. Outline of the Companies Subject to the Merger
4. Situation After the Merger
RPSA’s trade name, address, name and title of representative, nature of business, share capital and fiscal year-end will remain unchanged after the Merger.
5. Future Outlook & Impact on Customers
As the Merger involves a merger of RPSA’s wholly-owned subsidiary, the impact of the Merger on RPSA’s consolidated financial results will be minor. All products, services, warranties, company contact information, and business hours remain the same, with Anajet’s full Technical Support and Customer Care teams available to provide regular services. A list of Frequently Asked Questions designed to address customer concerns is available: https://anajet.com/merger.
Ricoh Printing Systems America, Inc.
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Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, commercial and industrial printing, digital cameras, and industrial systems.
Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2018, Ricoh Group had worldwide sales of 2,063 billion yen (approx. 19.4 billion USD).
For further information, please visit www.ricoh.com