Cartridge World sells shareholdings

As part of its continuing expansion Cartridge World, a US based cartridge refill franchise, has sold the company's controlling shareholding to the Australian based company Wolseley Private Equity. Cartridge World has stated that this buy-out will not affect its headquarter location, management practice or customer service. It will mean, however, that the company will focus on expanding the brand globally.

'We see considerable opportunity to increase our worldwide presence, by expanding the network we now have in place with our 46 master franchisees and adding master franchisees in fast-growing countries in Asia, Europe and South America,' says Burt Yarkin, Cartridge World CEO. 'The increasing use of computers and digital cameras is boosting worldwide demand for printer cartridges. We plan to double the number of Cartridge World locations in the coming three years.'

Peter Hasko, Wolseley Private Equity Managing Director, adds: 'The most important aspect of any investment for us is the people. We are looking forward to working with the high calibre team at Cartridge World.'