Raynham, MA (July 23, 2018) — CET Group Co., Ltd. (CET), a leading global compatible products manufacturer and distributor of imaging products has acquired Q2 LLC, a U.S.-based office imaging parts and supplies distributor. The acquisition formalizes an already strong business relationship between the two companies and will further strengthen CET’s market presence in North America.
“CET prides itself on developing strategies and programs to meet the specific needs of customers around the world. Q2’s extensive experience and knowledge of the US market will be a valuable asset to CET as we continue to grow in this market,” states Steven Ma, founder, chairman of the board and CEO of CET Group.
The new organization will also allow Q2 to take full advantage of CET’s rapidly expanding manufacturing capabilities to provide more unique and complex products to Q2’s highly valued customers. These manufacturing capabilities include a new, state-of-the-art and highly automated production facility in Hebei Province, China.
“One way to grow is to join forces with a bigger and stronger organization,” explains Joe Steinberg, partner and co-founder of Q2. “Q2 has had a close working relationship with CET for many years. We like how CET operates, the investments they are making, and the direction they are going. We are very excited to join the CET team and are confident that our united forces will benefit our customers.”
CET and Q2 share the primary goal of providing high-quality compatible products to improve their customers’ profitability. The new and closer relationship between the two companies will help them achieve this goal. Q2’s management team and employees will remain in place and the company will continue to operate out of their Burnsville, MN office.
###
About CET Group Co.
CET Group is an industry leader in the development and manufacture of compatible spare parts and consumables for use in office imaging machines. CET is devoted to providing the most advanced and most trusted compatible products to increase customer profitability and growth. CET is a global company serving the worldwide market with subsidiaries operating in 8 different countries and distributors in over 100 countries.
About Q2 LLC
Q2 LLC is a customer-driven provider of compatible and original replacement parts and supplies for use in copier, printer and multifunction office imaging machines. The Q2 team has extensive and successful experience working with service organizations throughout the office imaging industry.
