Katun Acquired By…
General Plastic Industrial Co., Ltd. Enters into Agreement to Acquire Katun Corporation
Pending Acquisition Would Enhance Katun’s Value Proposition of Quality, Service and Value.
MINNEAPOLIS – (October 2, 2017) – Katun Corporation (“Katun”), one of the world’s leading alternative suppliers of imaging supplies, photoreceptors and parts to the imaging industry, announced today that General Plastic Industrial Co., Ltd. (“GPI”), of Taiwan has signed an agreement to acquire Katun from Monomoy Capital Partners. The transaction requires the approval of GPI’s shareholders and regulatory approval by the Taiwanese government.
“Katun is very excited to become part of the GPI organization and to begin the next chapter in our company’s history,” says Robert Moore, President and CEO of Katun. “Having worked closely with GPI for well over a decade, we have the highest regard for its entire organization, culture, and products, as well as its unsurpassed dedication to quality and innovative toner cartridge solutions. GPI’s technical and manufacturing capabilities will significantly enhance the Katun value proposition, as well the value that Katun already offers our customers.”
In connection with the pending transaction, Robert Moore will remain as President and CEO of Katun. Katun’s management team will also remain in place and work closely with the GPI team to leverage each organization’s strengths to the benefit of our customers. With more than 350 employees operating out of three geographic business units, ten distribution and warehouse locations, and more than 20 sales offices worldwide, Katun is a global leader in OEM-compatible consumables for imaging equipment.
About General Plastic Industrial Co., Ltd.
General Plastic Industrial Co., Ltd is a publicly-traded company on the Taiwan stock market exchange that primarily engages in the development, manufacture, filling and distribution of toner cartridges, including its toner cartridge brand, Cartridge Web™.
About Katun Corporation
Headquartered in Minneapolis, Katun Corporation is one of the world’s leading alternative suppliers of imaging supplies, photoreceptors and parts to the imaging industry. With 38 years of expertise, Katun serves more than 11,500 customers in 123 countries. For more information, visit Katun online at www.katun.com