NER to Sell Imaging Supplies and Printer Parts Business Units to Clover Technologies Group

So, let me get this straight.

HP reaches out to NER as a "toner provider" less than six months ago, and that ISN'T enough to save a Division?

NER is selling off it's toner and imagining supplies division to concentrate and focus on Managed Print Services and Data Center Infrastructure.

The toner and supplies division is being gobbled up by Clover Technologies.

From the Clover site:

"...Founded in 1996 and with annual revenue of over $300 million, Clover is the global leader in providing businesses with total environmental solutions, including the recycling and remanufacturing of imaging supplies. Clover is the world's largest collector and recycler of cell phones, inkjets and laser cartridges. The complete line of Clover's quality toner and ink is available through leading office products distributors and resellers and marketed under a variety of private label brands..."
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Dropping the overhead intensive to concentrate on services - interesting.

GLASSBORO, N.J., Dec. 22 /PRNewswire/ -- NER Data Products, Inc. (NER) announces the sale of the NER Imaging Supplies division and its wholly owned printer parts subsidiary Image1 to Clover Technologies Group Inc. (Clover). The agreement will transfer all imaging activates including compatible laser toner, inkjet, narrow and wide impact ribbon production, and printer parts to Clover.

Clover will assume responsibility for the NER Denver, Image1 Plano, and NER Glassboro supplies operations that support these business units. Customer and vendor relationships will be assumed by Clover and business will continue at all of these locations. In addition, NER is pleased to announce that over 80% of the NER employees at these locations will become employees of Clover as of the first of the year.

"The decision to sell off business units is not taken without great consideration," said Stephen Oatway, President of NER Data Products, Inc. "Approximately seven years ago, we began the process of strategically transitioning the company from offering commodity products to offering value-added solutions. As a result of our efforts, we have become a leader in both Managed Print Services and Data Center Infrastructure Solutions.

In reviewing the direction of the company it was determined that a concentrated focus on these divisions was in the best interest of the company, shareholders, and customers moving forward. This strategic move allows us to focus resources on those business units that are poised for the greatest growth in the future."

The sale will be finalized December 31, 2009 and terms of the transaction are not disclosed. The newly reorganized NER will be strongly positioned to continue providing industry-leading Managed Print Services and Data Center Infrastructure Solutions to their channel partners and their customers.

Current customers for Imaging Supplies and Image1 products can find information about the business transition on the NER website -- www.nerdata.com