Valid USA announced today that the purchase of substantially all of the operating assets of Vmark, Inc. and certain of its affiliates (collectively, “Vmark”), successfully closed on Friday, November 30, 2012. These assets include the companies formerly known as 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.
Valid CEO José Roberto Mauro says “We are pleased to welcome the employees, clients and partners of Vmark and I wish them all success as they join the Valid team. This is an exciting milestone for Valid.”
This acquisition provides Valid USA with an additional 7 production facilities and 1,200 employees in the US, principally around Chicago, Illinois and in South Plainfield, New Jersey.
“We will continue to deliver the trusted solutions in plastic cards, data, direct marketing and postal presorting on which our customers rely today. We will also enhance our value proposition by bringing new technology and innovation to the market.” announced Dean Warner, President of Valid USA.
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 now more than 6,000 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.
Learn more about Valid at www.valid.com.br/en and Valid USA at www.validusa.com.