Printronix Seeks to Acquire Assets of TallyGenicom

Irvine, California-based Printronix announced it is seeking approval from the U.S. Bankruptcy Court for the District of Delware to be named as the lead bidder in the auction of assets of TallyGenicom LP. The request comes in conjunction with TallyGenicom’s filing of a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Printronix hopes to acquire the intellectual property, inventory and equipment to integrate the TallyGenicom line-matrix and serial-matrix printer series into its own portfolio.