CHICAGO, IL – June 26, 2014 – Today, Clover, the global leader in the recovery, refurbishment, remanufacturing and redeployment of business and electronic assets and Micro Solutions Enterprises (MSE), the global leader in patented technologies for high quality remanufactured toner cartridges, announced their strategic merger. The meshing of these two world-class operations creates an impressive alliance that will greatly benefit both companies’ customers. The transaction is expected to close in late summer pending regulatory approval.
For 20 years, MSE has supported the global dealer community with OEM alternative products that are lauded in the industry for their quality, reliability and value. Since its inception in 1996, Clover has evolved from a remanufacturer of ink and toner cartridges to one of the largest global providers of world-class products and services including asset valuation, collections, reverse logistics, repair, remanufacturing, and resale for the imaging, wireless and telecommunications equipment markets.
Yoel Wazana, President and founder of MSE, had this to say about the MSE and Clover merger, “We have always approached this business with a spirit of innovation driven by engineering and a zeal to always strive for improvement. This new partnership will only enhance these core principles by providing more access to resources, engineering, technology, and world-class production facilities. Together with Clover, we will leverage the technology, R&D and QC global teams utilizing MSE’S intelligent re-engineering platform to bring better products and solutions to the marketplace.”
Avi Wazana, MSE’s CEO, echoed Yoel’s statement, saying “Clover’s leadership position in the recovery, remanufacturing and remarketing of technology assets will enable MSE to expand into new markets and products much quicker than we could have on our own. By capitalizing on our complementary strengths and utilizing Clover’s core collection programs, global footprint, logistics, and distribution capabilities to enhance availability and product line diversification, we will deliver unparalleled quality, value and service to our collective customers. This partnership will provide us the opportunity to make the MSE brand stronger than ever.”
CEO of Clover, Jim Cerkleski, concluded by saying, “We are excited about supporting our USA manufacturing base at MSE’s California facility with this merger. Our combined experience, skill sets and capabilities will create never-before-seen value for all of our customers. For a long time, MSE’s brand has been synonymous with quality and innovation. This strategic partnership allows us to work together to leverage MSE’S patented technologies and proprietary processes, as well as their unparalleled product development capabilities for the benefit of all of our global customer base. On a personal note, I am looking forward to working with the MSE executive and management team to maximize the benefit to our combined customers of MSE’s established expertise in quality and product development.”
Clover is the global leader in the recovery, refurbishment, remanufacturing and repurposing of business and electronic assets, including toner and ink cartridges, wireless devices, personal electronic devices and telecommunications equipment. Founded in 1996, Clover is one of the fastest growing, privately held companies in the United States with over 50 locations worldwide. Clover is also the world’s largest collector and recycler of empty ink and toner cartridges in the aftermarket imaging supplies industry and provides comprehensive recycling services for small electronics including wireless devices as well as electronic asset lifecycle management. The complete line of Clover’s quality toner and ink is available through leading office products distributors and resellers and marketed under a variety of private label brands. Additionally, Clover offers a comprehensive portfolio of products and reverse logistics solutions for wireless devices including private label programs. To learn more, visit www.clovertech.com.
Founded in 1994 by Yoel Wazana, MSE is the largest toner cartridge remanufacturer with all of its production facilities based in the U.S., and a leading-edge innovator in the marketplace. MSE pioneered the process of Intelligent Re-EngineeringTM, which employs patented technologies, proprietary processes, and stringent testing methodologies that result in the market’s best alternative to high-cost OEM print consumables. MSE has sales and distribution in Canada, Europe (UK, Spain and the Netherlands), United Arab Emirates, South Africa, California, and Pennsylvania.
Name: Mike Posch
Title: Sr. Vice President, Marketing & Product Management Phone: 815-431-8100 x 12893
Name: Luke Goldberg
Title: Sr. Vice President, Sales & Marketing Phone: 818-407-7500 x 180