Tempo Industries Acquires Timenet Group
"We are thrilled to be able to add Timenet's line of high-quality metal writing instruments, keychains and gift items to Tempo's already impressive line of UBS flash drives, tools and other products," said Stuart Braunstein, president of Tempo Industries. "This addition enables us to offer a more comprehensive line of products and decorating options to our customers and be a major supplier in these new product categories instantly."
"The two companies shared vision of excellent product quality and award winning customer service made this a natural fit," Braunstein added.
Timenet Group's California facility will close this summer and all operations will be moved to Tempo Industries' New York facility. During the integration process, which is expected to take several weeks, it will be business as usual at both facilities.
Steven Lin, CEO of Timenet Group, as well as key members of the Timenet USA team, will be working together with Tempo Industries to make this a seamless transition for their customers. Braunstein said that some of Timenet Group's employees will be joining Tempo Industries while others will remain as consultants.
After the move, the company plans to offer faster production times including 24-hour service and expedited shipping equalization rates to accommodate our West Coast customer base.
This is Tempo Industries' second acquisition in the past three years. The company also acquired Jayline in 2009.
For more information, visit www.tempoline.com.