Ricoh Company announced that it will be incorporating two of its divisions, InfoPrint Solutions and the marketing/planning resources of Ricoh Production Printing Business Group in Japan. The new entity will be known as Ricoh Production Print Solutions (RPPS). The headquarters of this new division will be in West Caldwell, New Jersey.
”The decision to locate the headquarters of RPPS in the United States is an indication of how important this market is for future success,” said Shiro Kondo, President & CEO, Ricoh Company, Ltd. “This is a clear indication of our desire to increase our marketplace penetration in the US and around the world. We fully expect to see the positive results of this in the coming months and years,” he said.
Former Chairman and CEO Shiro (Simon) Sasaki, of Ricoh Europe will take on the role of Chairman and CEO of RPPS. The new group will report to Ricoh’s Production Printing Business Group in Tokyo, Japan.
Ricoh says this realignment will provide a more effective and efficient approach to “this highly competitive marketplace.”
In June 2007, Ricoh acquired 51 percent of IBM’s Printing Systems Division, forming a partnership known as InfoPrint. In June 2010, Ricoh purchased IBM’s remaining interest in InfoPrint, making it a wholly owned subsidiary. InfoPrint has approximately 2,700 employees globally, with its former headquarters being in Boulder, Colorado.