Empresas y finanzas
American Banknote (ABnote) Acquires Keystone Manufacturing (Plastics) Limited
American Banknote Corporation, parent of the ABnote Group,
announced today that it has acquired Keystone Manufacturing (Plastics)
Ltd., of Toronto, Canada, for an undisclosed amount of cash.
The acquisition of Keystone, one of Canada´s premier plastic card
companies, provides the world-wide ABnote Group access to Keystone´s
richly diversified suite of customers, along with the ability to take
advantage of Keystone´s highly regarded reputation in smart cards. In
addition, ABnote announced Bud Kronenberg would remain at the helm of
the company together with the current management team.
As a result of the transaction, Keystone will gain immediate
access to a wide range of new technologies including Arthur Blank´s
"green" initiatives. Keystone will supplement its existing product
lines through ABnote´s global strength in secure card issuance and
cutting-edge identification products, as well as through its
complimentary secure printing, warehousing, fulfillment services and
information technology.
"We are extremely proud to be able to acquire a company of the
quality, experience and stature of Keystone," stated Steven Singer,
Chairman and Chief Executive of American Banknote Corporation.
"Keystone allows us to enter Canada at a very exciting time as the
banking community migrates towards EMV and as cross border
identification becomes paramount between the USA and Canada".
"Keystone has built a unique brand in Canada - being able to
leverage the dominant skill sets and exceptional knowledge base that
ABnote has attained means that Keystone will be able to become an even
more significant force in the Canadian marketplace", stated Bud
Kronenberg, CEO of Keystone. "It is with a great sense of pride that
my team joins forces with a market leader".
About American Banknote Corporation
American Banknote Corporation is a holding company and the parent
of the ABnote Group, which operates through its subsidiary companies:
American Banknote S.A. in Brazil, Leigh Mardon in Australia, ABnote NZ
in New Zealand, CPS Technologies in France, ABnote Europe, s.r.o. in
the Czech Republic, and American Bank Note Company and Arthur Blank &
Co. in the United States. For more information on American Banknote,
visit www.americanbanknote.com or call 201-592-3400. For more
information on all of Keystone´s card products, visit
www.keystoneplastics.com or call 416-293-3842.