SICPA acquisition success confirms technologies portfolio expansion

SICPA, a leading global provider of security inks, authentication and traceability solutions and services for banknotes, security documents and consumer products announces that the acquisition of Cabot Corporation’s security materials division, including Cabot Security Materials Inc. (CSMI) in Albuquerque, New Mexico, US has been concluded with success.

The completion of the acquisition effective from July 31 leads to the establishment of a new SICPA company, STA Technologies Inc., which is based in Albuquerque and managed operationally by SICPA Securink Corp. in Springfield, Virginia, US.

This move aims at expanding the SICPA global security offerings and reinforces its leading position in security solutions and services.

The company is committed to respecting CSMI and other Cabot security materials division contractual agreements with personnel, suppliers and clients. The existing Albuquerque worksite will be 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 solution and services to governments, central banks, and high-security printers. 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 security materials, 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 to more than 200 countries. The acquisition of CSMI brings the number of SICPA offices 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.

 
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