Black Box Corporation Announces Merger With R& Services, Inc.Business Editors PITTSBURGH--(BUSINESS WIRE)--Jan. 24, 2000 Black Box Corporation (Nasdaq:BBOX) today announced a merger with R& Services, Inc. Established in 1974 in Westboro Westboro can refer to: Places
 `sĭts), most populous of the New England states of the NE United States. privately-held R& provides technical design, installation and maintenance services for premise cabling and related products to customers throughout the greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. region. Annual revenues of R& are approximately $5 million. This is the thirtieth merger since January January: see month. 1998 and the sixteenth of Fiscal Year 2000 as Black Box continues to expand its worldwide technical support service offerings. Commenting on the merger, Fred C. Young, Chief Executive Officer of Black Box Corporation, stated, &uot;R& is another example of our commitment to Black Box's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth program. They are a great company, providing the highest quality technical services. We welcome R& to the Black Box family.&uot; Henry E. Eknaian, Jr. and Richard D. Pedone, owners of R&, said, &uot;This merger will ensure continuation of R& Services' 25-year tradition for the highest quality installation services. With the addition of Black Box's extensive product line and expert technical support, we look forward to a bright future as a stronger team with continued growth and success in the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. marketplace.&uot; Mr. Eknaian will continue to serve as President and Mr. Pedone as Vice President of Marketing. This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is a leading worldwide technical service provider of computer communications and networking services and related products to businesses of all sizes, operating in 77 countries throughout the world. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion