Cartamundi Acquires The United States Playing Card Company!

BREAKING NEWS! Yesterday, Newell Brands announced that it has signed a definitive agreement to sell The United States Playing Card Company (“USPC”) to Cartamundi Group!

USPC, based in Erlanger, KY is the leader in the production and distribution of premier brands of playing cards, including BICYCLE®, BEE®, AVIATOR®, HOYLE®, and FOURNIER®. The business employs over 350 people and has manufacturing facilities in the U.S. city of Erlanger (Kentucky) and the Spanish city of Vitoria (Álava).In 2018 net sales for USPC were approximately $112 million. Statement by Michael Slaughter, CEO of USPC,

We are delighted about the prospect to join forces with Cartamundi and leverage both companies’ rich history and passion of card making, as well as our complementary global presence. We look forward to working together in furthering our shared ambition to delight consumers across the globe.

Acquisition to expand portfolio of products offered by Cartamundi to its customers. According to the Stefaan Merckx, CEO of Cartamundi,

We are excited about the opportunity and look forward to welcoming The United States Playing Card Company to the Cartamundi group. USPC is a globally renowned company and, like us, has a passion for its products and consumers. The segments in which USPC operates are perfectly complementary to those of Cartamundi. This investment will further deliver on Cartamundi’s purpose of sharing the magic of playing together towards consumers worldwide.

 It is expected to close in the second half of 2019. Stay tuned for more in the coming months...

[post_ad]