This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gaming Partners International Corporation Acquires OMC Plastic Injection Molding Assets As Part Of Its Ongoing Product Growth And Diversification Strategy

LAS VEGAS, April 7, 2011 /PRNewswire/ -- Gaming Partners International Corporation (NASDAQ: GPIC) ("GPI" or the "Company") announced today that its French subsidiary Gaming Partners International SAS has completed the purchase of certain assets of OMC Sarl and its subsidiary OMC Industries (OMC), a private French-based manufacturer of high-quality plastic injection molds. This transaction, although financially immaterial, is part of the Company's previously announced acquisition strategy to use its strong cash position to acquire companies, products or technologies that enable it to diversify and grow its product and service offerings.


By giving the Company the ability to manufacture the high-precision molds required to make gaming chips, this acquisition provides GPI with greater control over its entire chip manufacturing process while maintaining the highest internal standards of gaming currency manufacturing security. Additionally, the purchase enhances the Company's existing delivery timelines and provides GPI's worldwide casino customers with a greater range of custom chip design solutions. Finally, the acquisition enables the Company to broaden its manufacturing capabilities into other industries by enabling GPI to support and grow OMC's existing mold design and manufacturing business.

"We are excited to purchase OMC's mold manufacturing capabilities, as their reputation for producing high-quality, secure products for a wide range of industries is unmatched," commented Gregory Gronau, GPI's President and Chief Executive Officer. "GPI has worked directly with OMC for over 20 years, and having direct access to the equipment necessary to produce high-precision molds will enhance our existing chip production process."

Gronau continued: "Finally, this transaction is an important next step in the diversification of our internal product development and manufacturing capabilities. When combined with our recent acquisition and licensing agreement related to RFID patents and technologies, we are extending our direct control over the production of our core currency products."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.56 -1.30%
FB $117.07 0.29%
GOOG $694.35 0.48%
TSLA $246.15 -0.63%
YHOO $36.34 -0.68%


Chart of I:DJI
DOW 17,717.38 -113.38 -0.64%
S&P 500 2,064.74 -11.07 -0.53%
NASDAQ 4,780.88 -24.4110 -0.51%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs