Thursday, April 15, 2010

Private Equity Jumps Into Recharge Business

Below is a press release from our friends at West Point Products.

In case you haven’t heard, we are excited to inform you about the acquisitions of West Point Products and Clover Technologies by Golden Gate Capital, a San Francisco-based private equity firm. These acquisitions are the beginning of a portfolio of companies focused on aftermarket imaging supplies. While our two companies will continue to operate independently with focus on our respective segments of the market, our new relationship creates a tremendous opportunity for us to add more value to you.

We are confident that these acquisitions will result in West Point Products becoming an even stronger partner for you in the future, creating growth opportunities for you and your customers. You’ve already become accustomed to our high quality products manufactured in the USA and Canada, our reliable and timely shipping performance, our outstanding levels of customer service, and our industry leading Axess Managed Print Services offering. In addition to these foundational strengths of West Point Products, our product offering will expand to include an even wider variety of toner cartridges, inkjet cartridges, printer parts, fusers, maintenance kits, and refurbished printers. We will also have enhanced empty core collection capabilities and a more robust distribution network.

We wish Tom, Joe and the rest of the WWP team continued success.