March 19, 2014
The distributor purchased the remanufacturer, which went insolvent in January this year.
Effective Consumable Solutions (ECS) has acquired Scottish-based remanufacturer Tinto Laser, which registered insolvency in January (https://www.therecycler.com/posts/tinto-laser-placed-in-liquidation/), with the independent distributor noting that the acquisition “accelerates [its] strategic growth”.
The acquisition, which includes Tinto Laser’s recycling division GreenAgenda, will see ECS “merge with Tinto’s cartridge production operation”, which the distributor notes will enhance its “specialist capabilities” in cartridges and underline its aim to “increase market share through a blend of organic growth and acquisition”.
ECS added in turn that the acquisition represents “an early landmark” in its plan to “significantly strengthen its recycling division”, and will see its “strong recurring revenues” continue. Tinto’s staff will join ECS “with immediate effect”, though the business will remain an “independent division” of ECS.
ECS’ Director Chris Fink stated: “We are delighted to be joining forces with such a leading technical business. Tinto represents a fantastic opportunity for ECS to achieve its next level of ambitious growth, with a business that understands the technology and quality necessary to fulfil an ever challenging sector within the toner supplies industry, and also has the vision to see us become Europe’s largest cartridge remanufacturing business.”
Financial Director Fran Rabbitte added: “With ample capital resources available and revenues increasing across the business it is no secret that we are proactively seeking service-led acquisitions to supplement the company’s existing capabilities. I am delighted to announce the completion of the Tinto deal, which I anticipate will be the first of many as ECS continues its strategic evolution.”
Finally, CEO Felicity Rabbitte commented: “Whilst ECS has invested in its UK distribution centre, recycling schemes, technical infrastructure and production capabilities, Tinto brings a best-of-breed reputation and an experienced quality driven workforce operation to a complete service proposition that now embraces everything from production and innovation to cartridge recycling for public and private sector businesses.”
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