Taiwan’s General Plastic Industrial to Acquire Katun

Katun Corporation of Minneapolis, Minnesota, a supplier of OEM-alternative imaging supplies, photoreceptors, and parts for printers and copier/MFPs, announced yesterday that General Plastic Industrial of Taiwan has signed an agreement to acquire Katun from Monomoy Capital Partners for an undisclosed sum. The transaction requires the approval of GPI’s shareholders and regulatory approval by the Taiwanese government.

Katun CEO and President Robert Moore commented: “Katun is very excited to become part of the GPI organization and to begin the next chapter in our company’s history,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.”

Robert Moore will remain as president and CEO of Katun. Katun’s management team will also remain in place and work with the GPI team. Katun has more than 350 employees operating out of three geographic business units, 10 distribution and warehouse locations, and more than 20 sales offices worldwide. Katun has 38 years of expertise, and has more than 11,500 customers in 123 countries.

General Plastic Industrial is a publicly traded company on the Taiwan stock market, and primarily engages in the development, manufacture, filling, and distribution of toner cartridges, including its toner cartridge brand, Cartridge Web.

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