Black Box Corporation Announces Merger With Grupo Gresco of Mexico.Business Editors PITTSBURGH--(BUSINESS WIRE)--July 25, 2001 Black Box Corporation (Nasdaq:BBOX) today announced a merger with Grupo Gresco. Established in 1990 in Puebla Puebla, city, Mexico Puebla, city (1990 pop. 1,007,170), capital of Puebla state, E central Mexico. Its official name is Heroica Puebla de Zaragoza, in honor of Gen. Ignacio Zaragoza, who defeated the French forces there in 1862. , Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , privately held Gresco provides technical design, installation and maintenance services for premise cabling and related products to customers in Southeastern Mexico, including Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi . Annual revenues of Gresco approximate $3 million. Commenting on the merger, Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. V. Wanzke, General Manager of Black Box Mexico, stated, "This acquisition is our first step into on-site technical services in Mexico. The experience of Gresco in on-site support adds to our existing phone support business, now allowing us to offer Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum customers the full range of Black Box Network Services on the phone, on-site and on-line. Mexico represents the eighth country where we are now able to offer on-site technical services." Juan-Manuel Pavon, President and co-owner of Grupo Gresco, said, "Our merger with Black Box is an opportunity for us, our staff and clients to be part of a global strategy with a highly prestigious worldwide technical services company. Much of our business today is done with Mexican subsidiaries of US and European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. and the global reach of Black Box is very important to them." Mr. Pavon will serve as President of Black Box Network Services - Puebla Operations, reporting to Mr. Wanzke. This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated network infrastructure systems. Black Box services clients of all sizes in 132 countries throughout the world. |
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