CHICAGO, IL – Clover Imaging Group, the world’s largest collector and remanufacturer of printer cartridges, announced today that it has signed a definitive agreement to purchase LMI Solutions’ business assets. Subject to approval by the court overseeing LMI’s receivership process, Clover Imaging will purchase all of LMI’s inventory, intellectual property rights and manufacturing equipment. (Editor’s note: Clover announced the completion of the transaction Sept. 19).
Jim Cerkleski, Chairman, Clover Imaging Group, said, “The purchase of LMI’s business assets enhances our capabilities, customer reach, and demonstrates our confidence in the strength of the imaging supplies market. Clover offers the only true alternative to OEMs with significantly higher margins for our reseller partners. In addition, with the focus on environmental sustainability at an all-time high, we are seeing businesses and consumers alike abandoning single-use cartridges for our lower cost, environmentally conscious printing solutions. We are excited for the future.”
Clover welcomes LMI’s customers. Clover will be providing the same superior customer service to which customers are accustomed and they can expect no disruption to service.
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