Misco
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| Industry | Computer hardware |
|---|---|
| Founded | 1985 New Jersey, U.S. |
| Headquarters | Wellingborough, England, U.K. |
| Website | http://www.misco.co.uk/ |
Misco is an IT reseller whose ownership is split between Hilco Capital Limited and Systemax. The company operates in the United Kingdom, Italy, Spain, Ireland, Belgium, the Netherlands and Sweden. Misco also used to operate in Germany, but that business has been sold to CANCOM SE. Sales are targeted at business, education, public sector and consumer markets, with sales being made online, via telephone and mail order catalogue.
Misco was founded in New Jersey, USA, and ran a business of mail order sale of computer supplies and accessories. Gillette invested in Misco in 1983, taking a 40% stake, as part of a program to acquire high-growth low-risk businesses. Misco launched its first European subsidiaries concurrently in the UK and West Germany in October 1985.followed by Italy in 1986.
In November 1987, Gillette sold the company to the British company Electrocomponents plc for the sum of £11,000,000. The effects of the early 1990s recession led Electrocomponents to sell Misco at a loss in early 1993. The buyer, Global Computer Supplies, was controlled by Systemax Inc and HCS (Global) Ltd at the time.
In 2002, Global, now known as Systemax, began a program of restructuring. This would see its newly acquired Simply Computers business merge with Misco's UK operation in Wellingborough by 2005. Also, logistics were established in a purpose-built warehouse in Greenock, Scotland. The brick-and-mortar outlets founded by Simply were gradually closed down, a symptom of consumer trends moving away from the High Street and to online.
Misco expanded its business from 2005 onwards, winning customer satisfaction awards from PriceGrabber, a performance award from Hitwise and achieving ISIS and IDIS accreditations.
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