WAUSAU — EO Johnson Business Technologies and Office Enterprises, Inc. (OEI)/Cornerstone Technology has acquired OEI’s copier/printer division and Cornerstone Technology’s IT services business in a deal that closed March 9, according to company officials.
Cornerstone’s Digital Media will transition to OEI, according to a news release.
OEI’s service and administrative employees, along with Duluth sales employees, will transition to EO Johnson’s imaging division, while EO Johnson’s IT division will absorb Cornerstone’s support, engineering and administrative employees in the organization’s IT division, Locknet® Managed IT Services.
In all, 22 employees will transition to EO Johnson/Locknet, according to the release.
EO Johnson is also retaining the current Cornerstone Wausau facility located at 505 S. 24th Ave., which Locknet/Cornerstone will occupy.
McKayla Stitz, marketing specialist for EO Johnson, said in a statement that the sale fits both companies’ strategic plans.
According to Bob Lamovec and Seth Sierk, co-owners of Office Enterprises, Inc., OEI will now focus energies on their core businesses of mailing equipment, furniture solutions, water systems, digital media, and other upcoming endeavors.
Mary Jo Johnson, owner and CEO of EO Johnson Business Technologies, says the acquisition of OEI’s copier/printer division aligns perfectly with EO Johnson’s own imaging business.
Likewise, both Cornerstone’s customer base and product offerings line up perfectly with Locknet’s client base and product focus. Both the imaging and IT acquisitions provide significant growth opportunities for EO Johnson and Locknet in the Central Wisconsin market, company officials said.