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ALCO Plastics company history timeline

1977

A health supplies distribution operation was added in 1977 and saw a dramatic rise in profitability within its first four years.

1983

In 1983 seven office-products distributors were brought in.

1984

In 1984 Mundt divided the remaining companies into eight distinct segments including paper products, pharmaceuticals, and food equipment.

1986

1986: Ray Mundt succeeds Veale as chairman and refocuses the company to two business groups: office products and paper distribution.

1992

In 1992, Alco Standard entered into a joint venture with Europe's IMM Office Systems.

1996

By the end of September 1996, revenues had reached $4.1 billion.

The paper distribution business was spun off to shareholders in December 1996 as a separate, publicly owned company.

1997

Alco Standard officially changed its name to IKON Office Solutions, Inc., on January 23, 1997, reflecting the company's intention to focus solely on their office technology business.

1998

The company's acquisitive period ended in the second quarter of 1998, and at that time, the Company was structured into three divisions--Business Services, Document Services, and Technology Services.

1999

In 1999, though, IKON began to change the structure of its operations in order to function more effectively as a "one-stop" provider of integrated solutions matched to customer's business communications needs.

2000

In 2000, Business Document Services and Legal Document Services were integrated into IKON North America along with the network integration capabilities of Technology Services to support the shift toward providing higher-end, networked digital equipment and related services.

2002

These actions were taken as a result of IKON's plans to eliminate or downsize certain business lines in 2002 that did not present long-term potential or fit strategically with IKON's core offerings, namely equipment sales, outsourcing, equipment service and supplies, and leasing.

2002: James J. Forese retires as President and CEO, but remains as chairman; Matthew J. Espe succeeds Forese as President and CEO.

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Founded
1976
Company founded
Headquarters
Romeo, MI
Company headquarter
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ALCO Plastics competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Decatur Plastic Products1986$42.0M100-
Plastocon1958$27.2M50-
Design Plastics1972$1.8M27-
Elgin Molded Plastics1949$10.8M13-
Plastic Solutions, Inc.1991$37.0M350-
MTM Molded Products-$3.0M25-
PTA Plastics1953$28.0M14010
Hiawatha Rubber1955$10.0M50-
Beach Mold & Tool1972$950.0M600-
Eimo Technologies1969$380.0M350-

ALCO Plastics history FAQs

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ALCO Plastics may also be known as or be related to ALCO Plastics, Alco Plastics Inc and Alco Plastics, Inc.