DALLAS TEXAS / 30 LOCAL JOBS SAVED AT TONER COMPANY

  • cartridgewebsite-com-big-banner-02-09-07-2016
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • 2toner1-2
  • ncc-banner-902-x-177-june-2017
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • banner-01-26-17b
  • Print
  • 4toner4
  • ces_web_banner_toner_news_902x1776
Share

DALLAS TEXAS / 30 LOCAL JOBS SAVED AT TONER COMPANY

 user 2009-01-19 at 11:38:41 am Views: 101
  • #21174

    http://www.timesleader.com/business/30_local_jobs_saved_at_Coates_Toners_01-16-2009.html
    30 local jobs saved at Coates Toners
    Three company executives bought business from parent Sun Chemical last month.
    DALLAS
    TWP. – Facing the loss of jobs and the end of Coates Toners, three
    company executives bought the business from its parent owner, Sun
    Chemical, last month.The deal announced Thursday saved 30 jobs at the
    manufacturer of toner for copiers, laser and digital printers on
    Country Club Road.Four additional positions could be created as Coates
    transfers equipment to make color toner from a division Sun closed in
    the United Kingdom in December, said Paul Clothier, chief executive
    officer of the local operation.“We’d love to be able to install that by
    the middle of the year,” he said Friday.

    Clothier, chief
    marketing officer Larry Berti and Jim Collins, chief financial officer,
    teamed up for the management buyout. Terms of the deal were not
    disclosed.The management team worked with the law firm of Rosenn
    Jenkins & Greenwald and Pennstar Bank to make the deal happen,
    Berti said.“They came to our side and supported us,” he said.As a
    result Coates is in the hands of local owners. Berti is from West
    Pittston. Collins, a Scranton native, lives in Nanticoke. Clothier, a
    native of the UK, lives at Harveys Lake.

    Sun, a worldwide leader
    of printing inks and pigments, wanted to focus on its core business and
    had the option of liquidating Coates or selling it for a good
    price.“We’ve been working with Sun since August,” Collins said.The
    three executives have years of experience with Coates, a well known
    name in the industry. “We didn’t want to see that name disappear and we
    didn’t want to see people lose their jobs,” Clothier said.Plus the
    business is profitable, said Berti. “We’re looking at every bit of
    $10.5 million in sales for this year,” he said.Berti said management
    believes it can increase sales by 10 percent to 20 percent next year.