LITTLETON, Colo., Aug. 28 /CNW/ -- CPI Card Group, a portfolio company of
Tricor Pacific Capital, Inc., a private equity firm with offices in Vancouver,
B.C., and Lake Forest (Chicago), Illinois, has acquired PCC, a leading plastic
card manufacturing, personalization, and fulfillment company. PCC is a major
supplier to the Western European market and is located in the United Kingdom.
PCC is led by a strong management team that will continue with the business as
employees of CPI.
Working in collaboration with its customers, CPI identified the
opportunity to more effectively meet its customers' growing international
needs. Ted Fick, CPI President and CEO, states "as our customers are expanding
internationally, we are putting infrastructure in place to support their
global expansion by growing along with them. We feel that PCC is the ideal
company to continue our international expansion, as we share common customers
and core competencies. Adding PCC's two facilities in the UK will provide
increased flexibility for our customers' international plastic card requests.
All of our customers will benefit from access to an even stronger CPI."
About CPI Card Group
CPI, a global leader in financial and commercial card production,
issuance, and services, offers a single source for plastic cards from foil
cards and holograms, to translucent and smart cards. CPI's production sites
include Denver, Colorado; Fort Wayne, Indiana; and Las Vegas, Nevada. CPI Card
Group produces high-quality, general-purpose, magnetic stripe and smart cards
for many applications. Certified to produce contactless products, CPI
specializes in distinctive cards and offers the largest production capacity in
North America. CPI's plants in Colorado and Nevada are ISO 9001:2000
PCC delivers card-based customer contact services for the retail,
telecoms, finance, and membership markets. PCC excels in manufacturing plastic
cards, card-related products such as gift card carriers, and personalizing and
fulfilling card-based services. PCC is the UK's largest provider of commercial
cards and services and is the leading provider of card-based services in the
reloadable and prepaid markets. It is the only card company in the UK that is
accredited for ISO 9000, 14000, and FSC (Forestry Stewardship Council), with
facilities in Colchester and Liverpool, England.
For more information, visit the companies' web sites at
http://www.cpicardgroup.com or http://www.pcc.uk.net.
Tricor is one of Canada's leading private equity firms. Tricor currently
manages approximately $1 billion of capital, and is investing its fourth fund
with $555 million in committed capital. Headquartered in Vancouver, with an
office in Chicago, Tricor invests in middle-market companies in Western Canada
and the Western U.S. Since 1996, Tricor has made 33 acquisitions in the
manufacturing, service, distribution and consumer product sectors. The firm
targets companies with enterprise values of $25 million to $250 million.
Tricor has created significant value by growing and expanding Canadian
businesses into the U.S. market and U.S. businesses into the Canadian market.
For more information, please visit http://www.tricorpacific.com.
For further information:
For further information: CPI Card Group - Sales and Marketing,
1-800-446-5036, firstname.lastname@example.org, or media, Regina Ramey of CPI
Card Group, +1-303-345-2441, email@example.com Web Site: