Business News
CPI CARD GROUP ANNOUNCES ACQUISITION OF PCC
Friday 29. August 2008 - 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 PCCs 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.”