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Press Release: The Library Corporation [April 1, 2005]

TLC purchases Tech Logic Corporation

INWOOD, WV— April 1, 2005 – The Library Corporation (TLC) has acquired majority stock shares of Tech Logic Corporation of White Bear Lake, MN.

In doing so, TLC immediately assumes responsibility for the management of Tech Logic. Tech Logic founders Mark and Linda Frich remain stockholders while continuing their active participation in the operations of the company.

Tech Logic designs, manufactures, and installs book drops, belt conveyor delivery systems, inter-library distribution systems, stand-alone and free-standing patron reserve systems, as well as RFID and barcode check-in and check-out systems. The company's materials handling systems have revolutionized the way materials move throughout a library and its branches.

TLC CEO Annette Murphy will become CEO of Tech Logic and has appointed 20-year library industry veteran Gary Kirk to run Tech Logic's daily operations as Executive Director.

“Tech Logic is a vibrant, creative company that has pioneered automated materials handling and RFID in the library community,” said Annette Murphy. “There is much symmetry between TLC and Tech Logic and we are very excited to formalize this business relationship.”

Tech Logic will continue to operate as an independent, ILS vendor-neutral, materials handling company.

Commented Tech Logic founder Mark Frich: “Our two-year relationship with TLC has been great. TLC's investment in Tech Logic gives us the much-needed resources to take Tech Logic to the next level. It validates our leadership in product design and innovation. I can't wait to show what is next!”

This is TLC's second acquisition of another library company. In 2000, TLC purchased library automation vendor CARL Corporation out of Denver, CO.

About The Library Corporation

TLC is owned and operated by the family that founded the company over 30 years ago. The company's automation solutions include integrated automation systems built using the world's most advanced technologies, cataloging with access to millions of MARC records, acquisitions that incorporates all the necessary resources into one place and a premier service and support team that sets the standard in the library profession. For information, access www.TLCdelivers.com. For information about Tech Logic, access www.Tech-Logic.com.


Summary: The Library Corporation has acquired majority stock shares of Tech Logic Corporation of White Bear Lake, MN. In doing so, TLC immediately assumes responsibility for the management of Tech Logic. Tech Logic founders Mark and Linda Frich remain stockholders while continuing their active participation in the operations of the company.
Publication Year:2005
Type of Material:Press Release
LanguageEnglish
Date Issued:April 1, 2005
Publisher:The Library Corporation
Place of Publication:Inwood, WV
Company:
Company: The Library Corporation
Tech Logic
Subject: Mergers and acquisitions
RFID technology
Permalink: https://librarytechnology.org/pr/11367

LTG Bibliography Record number: 11367. Created: 0000-00-00 00:00:00; Last Modified: 2018-03-27 04:58:35.