Katun Corporation Announces Acquisition By Monomoy Capital Partners, L.P.3 Sep, 2008
Katun Corporation Announces Acquisition By Monomoy Capital Partners, L.P.
Minneapolis, MN (September 2, 2008) – Katun Corporation, the world’s leading alternate supplier of imaging supplies, photoreceptors and parts to the imaging industry, announced today that it has been acquired by Monomoy Capital Partners, an equity partnership focused on the middle market. The terms of the acquisition were not disclosed.
Carlyle Singer, president and CEO of Katun, will retain that position within the organization. Katun’s management team will remain in place and work closely with the Monomoy team to improve its operational efficiency, an area of expertise that Monomoy brings to its portfolio companies. With more than 600 employees operating out of four geographic business units, seven distribution centers, and nearly two dozen sales offices worldwide, Katun is a global leader in compatible consumables.
“This transaction begins a new chapter in Katun’s almost thirty year history,” says Singer. “It allows Katun to leverage recent technical breakthrough’s in complex color and monochrome laser products by expanding its investment capabilities in product development. Katun’s recent product introductions in the growing color segment have underlined Katun’s role in the market, a role that has, over many years, legitimized compatible products by providing quality that performs at or above the level of the original manufacturer’s products. In addition, Katun’s unique worldwide distribution capabilities will be strengthened by the operational expertise Monomoy brings to the table.”
“We are very excited to partner with the Katun team,” says Monomoy partner Justin Hillebrand. “Katun’s strong brand recognition in the imaging industry, its reputation for quality, and its worldwide reach make it an attractive complement to Monomoy’s current portfolio companies. The depth of the new products slated to be introduced later this year and early next year make this a very exciting time to be stepping into an ownership position.”