Katun Corporation (“Katun”), an alternative suppliers of imaging supplies, photoreceptors and parts to the imaging industry, has announced 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.
GPI 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.
“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.
It all makes sense now. Apparently, rumors had been circulating since late last year that Katun was in negotiations to be sold to a China-based company even though we were not aware of those rumors until recently. No wonder I was told back in May when I approached Katun’s internal public relations department to schedule an interview for an article I was writing for the July/August issue of The Cannata Report on China-sourced compatibles and clones, that Katun executives would not be available to speak with me before my deadline—which was the entire month of June. I thought it odd then, but I also realize that for some supplies companies, even U.S.-based, that was a sensitive issue. Little did I realize just how sensitive this was, and that even if I had extended my deadline, I still would not have received input from Katun. And in an interesting development that I stumbled upon yesterday, HP has a new ad, “The truth about clone cartridges,” and one of the clone companies it warns businesses to look out for is GPI.
Getting back to the acquisition itself, it seems likely we will see more acquisitions of this nature in the future as Chinese and other Asia Pacific region companies look to get a bigger foothold in the worldwide supplies markets. Could we be seeing a company based in the Southwest region of the U.S. be a future acquisition target? Based on what we’ve seen on the acquisitions front the past few years, nothing would be a surprise.
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