Printing on plastics, specifically manufacturing plastic cards of all sorts, was the target of Multi Packaging Solutions in its recent acquisition of i3 Plastic Cards. Multi Packaging Solutions, a global print and packaging roll-up that has achieved revenues in excess of $1.6 billion since its founding in 2005, is already a significant player in the market for transactional cards including credit card issuers Visa, MasterCard and American Express. The addition of Dallas-based i3 Plastic Cards adds capacity to produce up to another 2 million cards per day, focused on printing gift and loyalty program cards. Plasticard Locktech International (PLI) secured a $12.4 million investment, structured as mezzanine debt, from Mosaic Capital Partners to fund its acquisition of Production Services Associates (PSA), a plastic card manufacturer based in Romeoville, Ill. PSA, formerly owned by Spell Capital, specializes in so-called “closed loop” card production; gift cards that can be used at only one brand, such as a Starbucks or Home Depot gift card. Other products produced by PSA include membership cards, loyalty cards (often with a detachable small version of the card for your keychain), coupons and faux credit cards used in marketing solicitations. The acquiring company, PLA, in addition to gift cards, produces addressable plastic keycards used in hotels, resorts, cruise ships, colleges and casinos. click Read More below for more of the story
ABS Graphics, Itasca, Ill., opened its doors approximately 30 years ago and over time has evolved into a full-service operation that can handle a wide range of commercial print work, from design to offset and digital print to finishing, mailing and fulfillment. Recently, the company installed a new six-color Komori Lithrone G40 (GL640) with LED/UV to expand its already considerable capabilities and to add greater value to its bottom line.
The new press replaces a 16-year-old Komori GL640 offset press with H-UV. While the older press continued to run well and produce quality images, the decision to upgrade became a matter of economics from a maintenance standpoint. Comparing those operating costs to the benefits of investing in a new press, the new press won hands down.
“The purchase of a new press was really an economic decision. It just made sense from many different standpoints. It offered the technology, run speed and efficiency that we needed to continue on our growth path,” said Russ Babka, president and owner of ABS Graphics.
more at source: https://www.piworld.com/article/abs-graphics-partners-again-with-komori-to-advance-print-technology/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-05-20