MISSISSAUGA, ON—Komori distributor K-North will cease selling new equipment and a new company called K-North Services will launch August 1, continuing its work and carrying over all Komori obligations.

"We at K-North Inc. felt it was the right time to cease selling new machinery," reads a company release, citing "great change" in the industry.

The release says Komori and K-North started discussions a few months ago on how to address the needs of their customers following the closure, resulting in the formation of K-North Services. The new company will be owned and managed by Steve Ranson, previously vice-president of K-North.

"Steve has been with K-North Inc. since the beginning of our dealership, and is the right person to lead Komori sales going forward," reads the letter. "Steve was instrumental in rejuvenating Komori sales to begin with."

"We'll be doing all the same things that we did at the previous K-North," Ranson told PrintCAN. Consumable products including K-Press blanket cloths, Finito blankets and Kuda guillotines will move to the new company, and service technicians will transition to K-North Services as well.