The Recycler
  • Static Control June 2022 Masthead Ad
  • Katun March Web Advert 2021
  • Ninestar Web banner ESG July 2022
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Biuromax Web banner June 2022

Clover CEO refutes sale rumour

Clover CEO refutes sale rumour

August 23, 2016

The company was reported to have been “exploring a sale”, with Jim Cerkleski stating that this had been “misconstrued”.cloverlogo

OPI (subscription required) reported on its discussion with CEO of Clover Holdings, Jim Cerkleski, and “reports that the company’s private equity owners” wanted to sell their share of the company, as reported by The Recycler last week. Reuters had broken the story that Clover Technologies was “exploring a sale”, and Cerkleski told OPI that this had been “misconstrued”, and that Clover was “evaluating additional investment partners”.

OPI said that the CEO had confirmed that he had been “talking to capital partners” and was looking for “financial resources to fund growth, investments and acquisitions” as the company frequently does. Commenting, Cerkleski said: “I don’t want to speculate on the source of the original story but want to make sure customers, vendors and staff are clear on Clover’s commitment to growth, continued innovation and the expansion of our global platform, and that this growth will be driven by myself and the existing management team in conjunction with existing and potential new investment partners.”

The interview took place as Cerkleski was on his way back from Mexicali, Clover’s Mexican factory which has just been expanded with “the addition of a new building”. The CEO also “confirmed the commitments to the former MSE facility in Van Nuys, California”, where Clover have renewed the lease for another three years.

Clover have recently invested in a project in Vietnam, and the story appeared at the same time as a rumour about the supplier Katun being bought by Print-Rite which saw Katun and Print-Rite issue statements saying that this was “categorically false”.

 

 

Categories : World Focus

Tags : Business Clover USA

  • Mito July 2022 Web banner
  • IR Italiana Web ad January 2021
  • GM Technology July 2022 Web banner
  • Aster July 2022 Web banner
  • GPI July 2022 Web Banner
  • Apex UStation web banner
  • Static Control June 2022 Big & Bold Ad
  • ITP Web ad January 2021
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • CET June 2022 Web ad
  • HYB Web banner
  • PCL Web ad January 2021
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • CTS New Ad March 2022
  • CET June 2022 Web ad
  • Zhono web ad May 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • HYB Web banner
  • CET June 2022 Web ad
  • Zhono web ad May 2022
  • CTS New Ad March 2022

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021