Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
53°F
Mostly Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Thursday, January 9, 2003

Larry Koesters founded Scot Business


Hyde Park resident, 84, was fan of calculators

By Rebecca Billman
The Cincinnati Enquirer

[photo]
Mr. Koesters


Larry Koesters, founder of Scot Business Machine Co., died Monday from complications of an abdominal aneurysm at Jewish Hospital. The Hyde Park resident was 84.

With money borrowed from friends and family, he started selling calculators out of his garage in 1963. He built the business into one that included five stores in Cincinnati, Dayton and Columbus, doing more than $30 million in sales and employing 250 people at its peak in 1996.

"He was well known and respected in the business community," said his son, Bill Koesters of Montgomery. "He touched so many lives. His employees loved him and he made friends with everyone he met."

Mr. Koesters had a background in office machine sales. He started out with the Nichols Salesbook Co. in Walnut Hills and moved on to a position with the Victor Adding Machine Co., working his way up to branch manager.

Calculators were a new product when he decided to strike out on his own and he did well enough to open a store in Hamilton, which he called the Tri-County Business Machine Co.

It was a struggle, according to his son, but he kept at it and later was able to obtain the Smith Corona typewriter franchise in Cincinnati and open a second store in Pleasant Ridge. He changed the name of the stores to Scot - the acronym for Smith Corona Office Typewriters.

Mr. Koesters recognized trends and seized opportunities as technology improved the world of office machines. For example when Canon and Minolta began making inroads into territory dominated by Xerox, he was able to increase his own copier sales and service business.

By the late 1970s, Mr. Koesters' three sons, Gary, Bill and Ken, were working with him and the stores saw rapid growth.

The family sold the business to Ikon Office Solutions, an international company listed on the New York Stock Exchange, in 1996.

Mr. Koesters was born in Lima, Ohio and grew up in Philothea in Mercer County. He joined the Army in February 1941 and was shipped to Guadalcanal where he served as a radio operator and fought in some of the heaviest campaigns in the South Pacific.

Mr. Koesters was active with the local chapter of the National Office Machine Dealers Association and made generous contributions to charities and civic groups in Greater Cincinnati.

In addition to his son, Bill, survivors include: his wife, Mary Jane; a daughter, Kathy of Anderson Township; two other sons, Gary of West Chester Township and Ken of Mason; and nine grandchildren.

The funeral is 9:30 a.m. today at St. Rose Church, 2501 Eastern Ave., East End.

Memorials: American Heart Association, 2936 Vernon Place, Cincinnati 45219-2462; or the American Cancer Society, 11117 Kenwood Road, Cincinnati 45242-1817.

E-mail rbillman@enquirer.com




TOP STORIES
Alliance forecasts huge losses
Warren growth showdown is tonight
City staff promise to use court on housing

IN THE TRISTATE
Man convicted of 9th DUI
'Burbs on plan to move poor: Not in my backyard
Pepper proposes council rules to make meetings more orderly
Obituary: Larry Koesters
Warehouse owner: I'm innocent
Tristate A.M. Report

ENQUIRER COLUMNISTS
RADEL: Get it together
PULFER: Ailing downtown
HOWARD: Some Good News

BUTLER, WARREN, CLERMONT
Fairfax project gets state grant
Lakota will cooperate in investigation
Hamilton event spans two days
New Richmond residents will settle property dispute at the polls

OHIO
Budget fixes being considered
Senate taps Voinovich for ethics panel chief
Killer apologizes to victim's family
Northern Ohio e-book initiative called extensive
Owners hope hip club can revive old neighborhood
From merchant to tycoon to governor

KENTUCKY
Hoxworth opens donor center
Schools in N.Ky. prepare for cuts

 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.