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Thursday 26 March, 2009

Matica Plc

Acquisition

RNS Number : 4994P
Matica Plc
26 March 2009
 

 

26 March 2009

Matica Plc


Acquisition of Matica Americas LLC


Matica Plc ('Matica') announces that it has agreed with its US partner that from 31 March 2009 Matica will take full control of Matica Americas LLC ('Matica Americas').


As announced on 16 July 2008, Matica Americas was initially formed as a 50-50 Joint Venture between Matica and a US based partner. Its principal activity is to provide sales, service, parts, supplies and customer support to customers in the USCanada and Latin America.


Mr Sandro Camilleri, the Chief Executive Officer of Matica commented:


'The Americas have emerged as the largest market for Matica's products and new markets such as gift cards are contributing to further growth across the region. The 100% ownership of Matica Americas will provide Matica with a strong base to take advantage of these growing markets and will provide us with a platform to establish close relationships with our end-user customers and dealers.'


Enquiries:

Matica Sandro Camilleri, CEO  T: +39 02 9227 2501
HansonWesthouse

Tim Metcalfe 
Richard Baty

 T: +44 (0)207 601 6100
Cardew Group     

Shan Shan Willenbrock  
Tim Robertson  
Daniela Cormano               

T: +44 (0)20 7930 0777

               

Notes to Editors:


Since 2000, Matica has grown rapidly to become an international supplier of card personalisation and card mailing systems in approximately 100 countries. The Company offers one of the most complete ranges of card personalisation systems, used for a wide range of plastic card personalisation including: credit and debit cards, smart cards, identification cards, security cards, SIM cards for mobile telephones, pre-paid telephone cards, membership cards, loyalty cards, electronic payment cards, patient cards, insurance cards and gift cards. The Company also produces a range of metal plate embossing systems for the personalisation of items such as vehicle identification number plates, military dog tags and industrial products.


Based in MilanItaly, Matica was admitted to trading on AIM in April 2007. More information can be found at www.maticacs.com.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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