CITY NEWS NORTH AMERICA Sensient, Ink, Business Sensient sells digital inks business to Sun Chemical Sensient Technologies Corporation agreed to sell its digital ink business to Sun Chemical and its parent company, DIC Corporation. Sensient Technologies Corporation announced that it has entered into a definitive agreement to sell 100% of its shares of Sensient Imaging Technologies and certain other assets related to the production of inks to Sun Chemical and its parent company, DIC Corporation. Sensient said that as a supplier of digital inks, Sensient has a reputation for high quality solutions that add value to customers around the world. Sensient’s experience in water-based solutions has resulted in innovations for a number of industrial markets and the ability to align these developments with Sun Chemical will further strengthen this proposition, the announcement said. “As announced last year, the sale of the inkjet ink business will strengthen our focus on our core businesses,” said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer. “We are pleased that we can transition the business to a buyer that is committed to the industry. Our service and quality commitments to our customers will be maintained, and we will work to ensure a seamless transition.” <strong>The</strong> transaction is expected to be finalized in the second quarter of 2020. ■ NORTH AMERICA Zygoquest, Acuisition, MSP, IT Connections for Business buys an IT-MSP Mike Dudek and Rich Wisniewski of Zygoquest Group "seeking to unite" served as the advisor to Successful Money Strategies, Inc. dba: Farnes Computer Systems and its owner Jim Farnes on the sale of assets to Computers for Business, Inc. dba: Connections for Business. Farnes Computer Systems, located in Coconut Creek, Florida, is an IT MSP founded in 1991 and owned by Jim and Ilona Farnes, and operated by Jim Farnes. Farnes Computer Systems provided customers throughout the greater Miami/Fort Lauderdale/Pompano Beach metropolitan area markets with a menu of IT services and products including IT Managed Services, IT Consulting & Technology Assessments, Network Security and BDR Services, Cloud & Hosted Solutions, Wireless Networks and <strong>The</strong> Lowestoft based company was formed in February 1966 as Office World (Anglia) until December 2000 when it changed its name to OWA Group Ltd, changing its name again to Everything Office in May 2008. According to their website, the company “provides a single solution for a huge range of products and services to help run your business. For us, it’s about ensuring we are there to support your business and the Everything Office team get a real buzz providing solutions for your everyday challenges.” <strong>The</strong> company’s latest financials show that the company had net assets of £1.67 million (€1.86 million / $2.1 million). According IT Infrastructure Projects. Connections for Business, established in 1977, is owned and operated by David Bennett, the company president. Located in Hollywood, FL, Connections for Business serve clients throughout Broward, Dade and Palm Beach Counties with IT managed services solutions, including help desk support, cloud and computer security, NOC monitoring, field services, and more. Terms of the transaction are confidential. ■ EUROPE Everything Office, Taylor Keable, Office Sense, Ceased Trading UK: Everything Office Limited ceases trading Taking to LinkedIn, Barrie Atkins, Head of Procurement at Everything Office Ltd announced that the company had ceased trading, and all the staff had been made redundant. to the .GOV website the company were not required to disclose their turnover in their financials reports if it meets two of the following criteria: •an annual turnover of no more than £10.2 million • assets worth no more than £5.1 million • 50 or fewer employees on average <strong>The</strong> company is a wholly owned subsidiary of Taylor Keable Limited which was formed in 2002 and until May 2008 was called Everything Office Limited. According to the UK Companies House Register, Robert Taylor is the director of Everything Office and the sole owner of Taylor Keable Limited. On the 30 May 2020 Office Sense Ltd with its registered office also in Lowestoft, was formed and Robert Taylor is recorded as the sole director and 100% shareholder. According to the UK Companies House Register, Aldermore Bank PLC provide financing to Everything Office Ltd and Taylor Keable Ltd and they hold charges and debentures on and the assets of the company. ■ 24 <strong>Issue</strong> <strong>333</strong> August 2020
visit www.therecycler.com for all the breaking news <strong>Issue</strong> <strong>333</strong> August 2020 25