Home News Update General Plastic Industrial Co. Enters into Agreement to Acquire Katun Corp

General Plastic Industrial Co. Enters into Agreement to Acquire Katun Corp

by Imaging Solution Bureau

Katun Corporation 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.

“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.

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