GPI acquires The Blue Chip Company's manufacturing assets
This transaction is part of GPIC's previously announced strategy to use its strong cash position to acquire companies, products or technologies to enable it to grow its product offerings.
"We are pleased to acquire Blue Chip's product portfolio," commented Gregory Gronau, GPIC's President and Chief Executive Officer. "This acquisition unites sister compression-molded clay chip products developed by the Endy brothers, Paul and Charlie. It enables GPIC to expand its suite of currency product offerings to new and existing customers, while continuing to serve the market with our premium Paulson clay chip products."
Charlie Endy, Blue Chip's Managing Member, remarked, "On behalf of The Blue Chip Company, we are pleased to complete this transaction with GPIC. We are confident in their ability to continue to support our customer base and grow the brand."
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