Seiko Epson : Epson Acquires K-Sun Corporation in Move to Expand Presence in Industrial Labeling Solutions Market
December 17, 2014 at 03:36 am EST
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Epson Acquires K-Sun Corporation in Move to Expand Presence in Industrial Labeling Solutions Market
- TOKYO, Japan, December 17, 2014 -
Seiko Epson Corporation (TSE: 6724, "Epson") today announced it had acquired Somerset, Wisconsin-based K-Sun Corporation, a supplier of award-winning portable and desktop electronic label printers. The acquisition of K-Sun, with its more than three decades of experience in the industrial identifications solutions market, will provide Epson with broader access to labeling customers and influencers as well as expand the company's presence in the industrial labeling market.
After supplying K-Sun with label printers on an OEM basis for two decades, Epson believes that acquiring its partner will enable it to better serve industrial customers with the ever expanding line of Epson label printing solutions - from the desktop to the industrial press. Junichi Watanabe, director, and chief operating officer of Epson's Visual Products Operations Division, commented, "We are delighted to take our partnership with K-Sun to the next stage. The acquisition will not only give us access to K-Sun's expertise in industrial label printing, but will help boost the Epson brand and increase exposure of Epson's label printers in this important strategic market."
Michael Kasun, founder and president of K-Sun, said: "K-Sun has enjoyed a strategic partnership with Epson since 1994. Now as a member of Epson's prestigious group of companies, we are very excited for our future and the new products and supplies that we can offer our customers and the expanded opportunities for our employees."
Specializing in industrial and safety marking/ identification, pipe marking, and wire/ cable labeling, K-Sun will begin with selling the innovative Epson-branded lineup of LabelWorks label printers for industrial applications in North America from January 2015, while Epson America will continue its focus on promoting LabelWorks label printers to the consumer and office markets. Expansion of the product line offerings will follow.
Epson and K-Sun are scheduled to jointly exhibit at the upcoming BICSI Winter Conference in Orlando, Florida, from February 22 to 26.
Seiko Epson Corporation specializes in the design, manufacturing and marketing of printing, visual communication and watchmaking equipment and systems, and industrial devices. Net sales break down by family of products as follows:
- printing equipment (71%): printers, scanners, copiers, digital presses, fax machines, ticket printers, labellers, etc. for businesses and individuals. The group also offers consumables (ink cartridges, toners, ribbons, etc.);
- visual communication systems (14.2%): multimedia projectors, smart glasses, LCD displays, etc. ;
- watches and industrial products (14.1%): electronic and mechanical watches, wristwatches, chronometers, optoelectronic devices, precision machine tools, robotic systems, mechatronic products, micro-devices, etc.
- other (0.7%).
At the end of March 2021, Seiko Epson operated 27 production sites worldwide.
Net sales are distributed geographically as follows: Japan (22.3%), the United States (21%), China (14.5%) and other (42.2%).