- published: 31 Dec 2013
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Lexmark International, Inc. (NYSE: LXK) is an American corporation which develops and manufactures printing and imaging products, including laser and inkjet printers, multifunction products, printing supplies, and services for business and individual consumers. The company is headquartered in Lexington, Kentucky.
Lexmark was formed in 1991 when IBM divested its printer and printer supply operations to the investment firm Clayton & Dubilier, Inc. in a leveraged buyout. Lexmark became a publicly traded company in 1995.
The firm's corporate and R&D offices are located at the headquarters in Lexington. Lexmark has offices throughout North and South America, Asia, Africa and Europe. The company has more than 13,000 employees worldwide. Lexmark was a Fortune 500 company until they were ranked #507 in the 2009 Fortune 500 rankings. In addition to manufacturing hardware under their own name, Lexmark also does third party development of printers for other major companies, such as Dell and IBM InfoPrint.