Cartamundi announced last week the completion of the acquisition of The United States Playing Card Company (USPC).
“This is an exciting time for Cartamundi,” said Stefaan Merckx, CEO of Cartamundi. “The addition of USPC immediately allows us to take advantage of growing playing card sales in the U.S. USPC’s leading position in Spain is highly complementary with Cartamundi’s European footprint and fits perfectly in our plans for strategic growth.”
The United States Playing Card Company employs over 350 people and has manufacturing facilities in the U.S. city of Erlanger (Kentucky) and the Spanish city of Vitoria (Àlava). In 2018 USPC realized net sales of approximately 112 million US dollars.
USPC CEO Michael Slaughter will assume membership on the Cartamundi Executive Committee.
Michael Slaughter, CEO of USPC, continues: “Our commitment to delighting consumers, cardists, magicians and casino players with world-class quality remains our mission.”
Heritage for the future
The combined heritage of Cartamundi, USPC, and Fournier is unrivaled in the playing cards industry. 2020 Is the 50th anniversary for Cartamundi, while Fournier celebrates its 150th anniversary. In 2020, the Bicycle brand will mark 135 years as the most widely recognized and used consumer card brand.
“Being close to our customers enables us to serve their needs best,” said Stefaan Merckx, CEO of Cartamundi. “It is by being in-market where you discover trends that facilitate growth.