SICPA Acquires Cabot Security Materials Inc.
SICPA Acquires Cabot Security Materials Inc, Expands Technologies Portfolio
SICPA, a leading global provider of security inks, authentication and traceability solutions and services for banknotes, security documents and consumer products, announces it has entered into an agreement under which SICPA plans to acquire Cabot Security Materials Inc. (CSMI) in Albuquerque, New Mexico, the United States.
CSMI is a product division of Cabot Corporation. The acquisition is in line with SICPA’s strategic expansion of key technologies portfolio.
A new company, STA Technologies Inc., under US registration, has been set up. Upon closing, a total of 40 persons, all current CSMI staff, will continue activities in research & development, production and business development at the current Albuquerque worksite.
The transaction is subject to the satisfaction of regulatory requirements and customary closing conditions.
SICPA is committed to respecting CSMI obligations concerning employees, suppliers and clients. STA Technologies will be further developed into a competence centre dedicated to material-based technologies for authentication.
About SICPA
Founded in 1927 and headquartered in Lausanne, Switzerland, SICPA is a trusted provider of secured identification, traceability and authentication solutions and services to central banks, governments and high-security printers around the world. High-technology security inks are at the core of the company’s expertise, and for more than 60 years SICPA has been at the forefront of research and innovation in this area. SICPA inks and special features protect the majority of the world’s banknotes, security and value documents from counterfeiting and fraud.
Operating on five continents, SICPA is a global company providing technologies and services in more than 200 countries. The acquisition of CSMI will bring the number of SICPA facilities in North America to 7: SICPA Securink Corporation (Springfield, VA and Fort Worth, TX), SICPA Product Security, LLC (Springfield, VA and New York, NY), Meyercord Revenue Inc. (Carol Stream, IL), STA Technologies Inc. (Albuquerque, NM), SICPA Securink Corporation (Vaudreuil-Dorion, Canada) and SICPA Services Ltd (Vancouver, Canada). A total of 200 staff are employed in SICPA North America.
Press enquiries: please refer to this official press release.