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General Plastic Industrial Co. Enters Into Agreement to Acquire Katun

Tuesday, October 3, 2017  
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Katun Corp. 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.

"Katun is very excited to become part of the GPI organization and to begin the next chapter in our company's history," said Robert Moore, president and CEO, 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, 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 their customers.

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