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

Vmark Announces Completion Of Sale To Valid USA, Inc.

CHICAGO, Nov. 30, 2012 /PRNewswire-USNewswire/ -- Vmark, Inc. and certain of its affiliates (collectively, "Vmark"), recognized leaders in the production of plastic cards, direct mail marketing, and data solutions, announced today that Vmark has successfully closed the sale of substantially all of their operating assets to security solutions provider Valid USA, Inc. ("Valid USA"), a wholly owned subsidiary of Valid S.A. (MF&FBovespa:  VLID3) ("Valid"), for consideration valued at approximately $51.2 million in the aggregate.  The Vmark companies include Versatile Card Technology, Inc., Qualteq, Inc. (d/b/a VCT-New Jersey, Inc.), Creative Automation, Unique Mailing Services, Inc., Global Card Services, Inc., Unique Embossing Services, Inc., Automated Presort, Inc., Fulfillment Xcellence, Inc., Unique Data Services, Inc., and Veluchamy, LLC.   

"I would like to thank Vmark's strong management team and dedicated employees, whose hard work during this transition period has made this sale possible," declared Mr. Fred C. Caruso, Vmark's court‑appointed Trustee.

"We are pleased and honored to welcome the Vmark customers, employees and partners into the Valid family, and are looking forward to meeting today's and tomorrow's needs in the rapidly emerging digital economy," announced Jose Roberto Mauro, the Chief Executive Officer of Valid SA.

A publicly-traded Brazilian company, Valid is present in all Brazilian states and is expanding operations around the world, with its brand already recognized and respected in countries including Argentina, Spain and the United States.  With a market capitalization of more than US $1 billion, and more than 5,000 employees, Valid is a proven market leader in meeting the demands for cyber and information security which has made the Valid trademark a byword for trust and credibility.

PricewaterhouseCoopers Corporate Finance, LLC, Hilco Real Estate LLC, and Kirkland & Ellis LLP advised the Trustee in connection with the transaction.  Dreifus Associates, Ltd., Inc. served as industry advisor to Valid, and Deutsche Bank, Deloitte LLP and DLA Piper LLP (US) provided financial and legal advice to Valid.

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


Chart of I:DJI
DOW 17,837.38 +117.46 0.66%
S&P 500 2,091.65 +11.24 0.54%
NASDAQ 5,131.1370 +22.4710 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs