HP Inc. announced the completion of its acquisition of Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. A3 represents HP’s largest growth opportunity in business printing. The combination with Samsung expands HP’s portfolio, accelerates its ability to disrupt the $55B A3 copier segment with superior multifunction printing technology, and strengthens its leading A4 laser printing business. Samsung also brings compelling intellectual property of more than 6,500 print patents and a world-class workforce of nearly 1,300 researchers and engineers with expertise in laser technology, imaging electronics and supplies and accessories. “As we ignite a renaissance in printing, we’re thrilled to bring together the industry’s best and brightest talent,” said Dion Weisler, President and CEO, HP Inc. “Together, we will build on more than 30 years of print leadership to accelerate our strategy, disrupt new market opportunities, and provide our customers and partners with unique and highly innovative print solutions. Click Read More below for additional information.
David Henkel’s path in life — his ultimate trajectory — really began after his father’s service in World War II, when his family moved to the suburbs of Chicago. While Henkel willingly admits he “didn’t have a strong sense of direction” in his early life, he was distinctly interested in sales and marketing, and attended the University of Illinois (B.A. in economics) and Indiana University (MBA in marketing). Following post-college positions in marketing research and medical supply sales, the family business, Johnson & Quin, beckoned. Henkel’s father, Robert, had purchased Johnson & Quin in 1960.
Johnson & Quin, in Niles, Illinois, has a long history in the printing industry. Henkel highlights that the company is 145 years old, based on records. He believes the business may even be older than that — the true age perhaps unknowable — due to the loss of city records during the Great Chicago Fire of 1871.
Henkel’s career involvement began July 1, 1977 — “45 years and counting,” Henkel says — when he joined Johnson & Quin as a sales representative. When he started at the company, it produced a combination of very specialized forms — one for the medical segment, another for the telecom industry. His first assignment was to look for emerging market opportunities.
more at: https://www.piworld.com/article/johnson-quin-ceo-david-henkel-enters-printing-industry-hall-fame/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2022-08-04