Clover acquires leading European remanufacturer

Released 16/08/2011

Imaging supplies firm expands global reach with latest investment

Cartridge remanufacturer Clover Holdings has announced the acquisition of TRS Group.

Founded in 1988, TRS has established a strong position in Europe, with facilities in Switzerland, Germany, and Serbia. The acquisition will enhance the manufacturing and sales capabilities of the Clover Technologies Group in Europe, while also providing additional resources for expansion into Eastern Europe.

Clover also brings Saakar Printing Design & Engineering into the enterprise as part of the TRS Group. Saakar was established in 2009 to remanufacture supplies for the Indian marketplace. Clover will develop this resource to extend a wider range of products and support to customers located within India and the Middle East.

"We are particularly excited about this acquisition because it fits perfectly into our strategy of being the global leader in remanufactured imaging supplies," said Mark Perry, MD, Clover Technologies Group Europe.

"Clover and TRS share the same strategy of offering high quality remanufactured laser cartridges but operate in different geographies so there is no customer overlap. In addition, Clover and TRS focus on remanufactured colour laser supplies, which are the fastest growing segment of the imaging supplies industry."

Clover and TRS will continue to operate independently in their respective markets, but will work together to leverage potential business. This partnership will provide greater coverage, while maximizing distribution capabilities for greater product availability throughout Europe.

Clover now employs over 800 staff in Europe, making it the largest European-based remanufacturing company.

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