Toner Holdings LLC completes acquisition of UK assets from Sun Chemical

The initial phase of the deal was completed on December 30, 2008, where TH LLC acquired the USA assets of the business.
 
The MBO team comprises Larry Berti, Paul Clothier, and Jim Collins. The transaction closed on July 31, 2009.
 
Paul Clothier, CEO of Coates Toners, commented on the transaction “This latest achievement represents a major step forward for Coates Toners and is consistent with the business goals we set for 2009, as was the ISO 9001-2008 re-certification obtained in May 2009. It will also enable us to greatly improve our research and development capabilities, leading to the manufacture of products which meet the expectations that make it a ‘Coates Toners’ product, namely the quality, consistency that we have committed to the industry since the early 1970’s.”
 
Larry Berti, CMO of Coates Toners, said “The completion of the second phase of this transaction will allow Coates Toners to continue to market and grow our business domestically as well as internationally. Coates Toners is now strategically positioned to develop, sell and market colour toner on a global basis.”
 
Jim Collins, CFO of Coates Toners, said “The implementation of colour manufacturing will allow us to meet our financial objectives and allow us to gain access to the growing international markets; therefore, continuing to grow and strengthen our financial position within our industry”.
 
Steven P. Roth of Rosenn, Jenkins & Greenwald, Wilkes-Barre, Pa represented the MBO team in this transaction.
 
James Burke of Pennstar Bank, Scranton, Pa provided capital investment funds.