Alternative suppliers of imaging supplies, photoreceptors and parts to the imaging industry, Katun Corporation, has announced that General Plastic Industrial Co., Ltd. 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.
In connection with the pending transaction, Robert Moore (pictured) 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 organisation’s strengths to the benefit of the customers. Katun currently has more than 350 employees operating out of three geographic business units, ten distribution and warehouse locations, and more than 20 sales offices worldwide.
Robert Moore, President and CEO of Katun said, “Katun is very excited to become part of the GPI organisation 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.”