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EO Johnson & OEI/Cornerstone Announce Business Sale Completion

Monday, March 19, 2018  
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EO Johnson Business Technologies and Office Enterprises Inc. (OEI)/Cornerstone Technology have announced the sale of OEI's copier/printer division and Cornerstone Technology's IT services business to EO Johnson (Cornerstone's digital media is transitioning to OEI). The sale was completed March 9, 2018, and since that date both companies have focused on notifying customers and transitioning the business.

EO Johnson welcomes OEI's service and administrative employees and the Duluth sales employee to its imaging division. Cornerstone Technologies support, engineering and administrative employees join Locknet Managed IT Services, EO Johnson's IT division. Total new employees transitioning to EO Johnson/Locknet are 22. EO Johnson is also retaining the current Cornerstone facility located at 505 S. 24th Ave., #204, Wausau, Wisconsin, which Locknet/Cornerstone will occupy.

The sale fits both companies' strategic plans. According to Bob Lamovec and Seth Sierk, OEI co-owners, OEI will now focus energies on its 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.

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