Originally written and published at pehub.com
Monomoy sells Katun to GPI
Monomoy Capital Partners (“Monomoy”), a leading private equity fund focused on deep value investing and business improvement in middle-market companies, announced that it has completed the sale of Katun Corporation (“Katun”) to a Taiwanese buyer, General Plastic Industrial Co., Ltd. (“GPI”), for an undisclosed amount.
Katun is one of the world’s leading providers of OEM-compatible imaging supplies including toner, photo receptors, and parts for copiers, printers, and other equipment for the imaging industry. The companies headquarter is in Minneapolis, Minnesota and operates sales and distribution facilities throughout North America, Europe, Latin America, the Middle East and Africa.
“Over our ownership period, we helped transform this corporate carveout into a resilient, disciplined design and distribution business through challenging market dynamics,” said Jaime McKenzie (Pictured), a Monomoy Director. “We leveraged Monomoy’s operationally-focused strategy to drive free cash flow and stable earnings and successfully positioned Katun for continued growth under the ownership of a strategic buyer. Katun is a premiere provider of aftermarket imaging supplies with a world-class management team, and we wish them all the best.”