Savin (photocopiers)
Savin was incorporated in 1959 by Max M. Low (the company was named for Low's son-in-law)[1] and was run by Low's son, Robert K. Low and E. Paul Charlap. It was known primarily for its line of liquid toner photocopiers, which set it apart from other companies that manufactured dry toner equipment, like Xerox.
During the 1960s and through the 1980s, Savin developed and sold a line of liquid-toner copiers that implemented a technology based on patents held by the company.[1]. Savin's copiers were manufactured by Ricoh Company and distributed by Savin in the US and Canada through 50 Branch offices and 500 dealers, and under licenses from Savin to Nashua Corp for Europe and South America and through Ricoh for the Far East. Savin ( approximate sales of $500 million and royalties from licensees of $10 million) was listed on the New York Stock Exchange when it was sold in 1982 to Canadien Development Corp and later sold to other companies.
In 1995, Ricoh Company acquired Savin Corporation, at which time it was made a wholly owned sales subsidiary.[2]
External links
- Savin Corporation (www.savin.com)
- Ricoh Corporation (www.ricoh.com)
Notes
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