The card maker CPI Card Group of Littleton, Colo., has bought a British counterpart, PCC, a move aimed at helping its efforts to expand into the United Kingdom and Western Europe.
"As our customers are expanding internationally, we are putting infrastructure in place to support their global expansion by growing along with them," Ted Fick, CPI's president and chief executive, said in a press release issued last week. "Adding PCC's two facilities in the U.K. will provide increased flexibility for our customers' international plastic card requests."
The price of the acquisition was not disclosed.
CPI, which was bought last year by the Canadian private-equity firm Tricor Pacific Capital Inc., said PCC is the U.K.'s largest provider of commercial cards and related services.
CPI offers a broad range of plastic cards and other products to issuers.