International Media Products acquires Palmetto Imaging Technology

International Media Products (IMP), one of the leading manufacturers of printing consumable supplies, has acquired Palmetto Imaging Technology (PIT), expanding its thermal transfer ribbon offerings. 

Founded in 2002, PIT sells thermal transfer and impact ribbons to a network of printer manufacturers (OEMs) and distributors across North America. They also hold the exclusive distributorship for Fujicopian thermal transfer ribbons in North and South America. As per the company, Fujicopian are the original inventor of thermal transfer ribbon technology, which licensed this technology to Iimak and Armor in the 1980s.

Commenting on the acquisition, Derek West, president of IMP, said: ‘We are thrilled to welcome the PIT team to IMP. Both our companies share a deep commitment to customer satisfaction and our partners’ success. Our similar distribution channels make this a perfect fit. We are excited to offer PIT’s extensive product line to our existing customers, while also introducing our products to PIT’s clients.’

PIT founder Tony Perez is retiring after a distinguished 52-year career in the printing supplies industry. Andy Turner, executive vice president at PIT, will be joining the IMP team.

Turner added: ‘We’ve had a long and successful partnership with IMP. We’re very excited to join the IMP family and believe the strong synergies between our companies will create significant value for our combined customer base.’

In a separate announcement, IMP also revealed their appointment as the exclusive distributor for Fujicopian thermal transfer ribbons in North and South America.

‘Fujicopian’s rich history, technical expertise and strong capabilities in the thermal transfer ribbon industry will allow us to expand our offerings to include more high-end products like near-edge TTO ribbons, specialty resins and a wider range of colors,’ stated West.