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IBM Information Products Corporation

  • Updated 15 July 2021
  • Est. Reading Time: 0.49 minutes

Contents

Background

The IBM Information Products Corporation was an IBM subsidiary founded in August 1990 as a means to sell its US-based typewriter, keyboard and some printer businesses to New York-based investment firm Clayton & Dubilier. It mainly consisted of IBM's information products businesses in Lexington, Kentucky and Boulder, Colorado. At the time of its formation, IBM was expecting the company to have a workforce of 3,500 to 4,000 employees and published reports of the time estimated that a buyout of these businesses could cost about $2.5 billion1. Clayton & Dubilier completed this buyout by 27th March 1991, subsequently forming Lexmark International2.

Sources

  1. Los Angeles Times - IBM Planning to Set Up New Subsidiary : Industry: A buyout firm will be the majority owner of its typewriter and keyboard operations [accessed 2021-07-15].
  2. US Customs and Border Protection - CROSS Ruling 544887 [accessed 2021-07-15].