Turbon AG Acquires International Laser Group
Turbon AG (Cherry Hill, New Jersey), one of the largest global remanufacturers and collectors of laser toner cartridges, announced the acquisition of International Laser Group, Inc. (ILG), a Woodland Hills, California-based industry leader in producing premium quality OEM-alternative imaging consumables.
According to Turbon, the two companies will continue to operate separately in their market channels after the acquisition.
Al De Luca, Chief Executive Officer of Turbon AG, commented, “We are very excited about ILG joining the Turbon Group of companies and that their management team will remain intact and continue to focus on providing their customers with industry leading products, award-winning consistent quality cartridges, and excellent customer service and support to which they have become accustomed.”
ILG’s President Gary Michaels is confident that the acquisition will bring about satisfying consequences such as improvements in logistics and distribution for both completed goods and raw materials. “By integrating best practices from both companies, coupled with Turbon’s financial strength, ILG will continue to provide industry leading consistent quality and services to the benefit of our customer base. The entire ILG team is excited and prepared for future growth in our market space,” said Gary Michaels.
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