Cartamundi takes over USPC
The Belgian private group Cartamundi has announced the completion of its takeover of United States Playing Card Company (USPC). This takeover complements the Cartamundi brand portfolio with the cult brands Bicycle®, Bee®, Hoyle® and Fournier® and, by its own account, thus confirms Cartamundi's role as the "leading supplier in the global gaming and entertainment industry". Stefaan Merckx, CEO of Cartamundi: “With USPC we can immediately benefit from the growing playing card sales in the USA. USPC's leading position in Spain perfectly complements our European presence and fits perfectly into our strategic growth plans.”
USPC employs over 350 people and has manufacturing facilities in the US city of Erlanger (Kentucky) and the Spanish city of Vitoria (Àlava). In 2018, USPC generated a net turnover of approximately $112 million. USPC CEO Michael Slaughter has joined the Cartamundi Executive Committee. He says: "Our commitment to inspire consumers, card players, magicians and casino players with world-class quality remains our mission."
Cartamundi, which also wholly owns its subsidiary Spielkartenfabrik ASS Altenburger, will be celebrating its 50th anniversary in 2020. Fournier has existed for 150 years and Bicycle can look back on 135 years of brand history. With the acquisition of USPC and Fournier, the Cartamundi Group operates 13 production sites worldwide and expects sales of over $550 million. The Cartamundi Group currently employs over 2,500 people on four continents. “This network enables Cartamundi to strengthen its local presence. Cartamundi is closer to its customers, strengthens the local economy and is environmentally friendly,” explains Stefaan Merckx. "You can only discover the trends that enable growth when you are very close to the market." www.cartamundi.com