Systemax Inc. laid off 20 of 70 workers at the company’s sales office on Poe Avenue in Vandalia following the acquistion by a California-based information technology retailer, a spokesman said Wednesday.
“The Dayton B2B sales office is part of the sale to PCM announced today, and upon closing of the transaction it will become a PCM B2B sales office,” the spokesman said in an email. “The majority of staff at the Dayton office will be offered positions with PCM.”
El Segundo, Calif.-based PCM Inc., which sells information technology products and services, acquired a significant number of Systemax businesss-to-business assets, including the local sales office, for an undisclosed sum in a transaction expected to close Dec. 1, according to a news release.
In addition to the sale, Systemax — a Port Washington, New York-based Fortune 1000 company — said it will close its three remaining retail stores and a distribution center and completely exit its remaining North American Technology Group (NATG) operations.
Systemax has been struggling financially and announced a restructuring and general workforce reduction in March.
Systemax built and sold computers out of facility in Fletcher on U.S. 36 in Miami County before it announced in 2012 that it was closing the manufacturing operation.
In the most recent quarter, Systemax reported an 18-percent drop in revenue from $825.4 million in the third quarter of 2014 to $699.3 million in the quarter than ended in September.
“We believe PCM is a natural fit for our B2B employees and their customers,” said Richard Leeds, chairman and CEO of Systemax. “Moving forward, this will allow us to devote all of our time and resources on our other businesses and improving their competitive position to capitalize on their growth opportunities.”
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to exclusive deals and newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.