Plastag Holdings, LLC, a Chicago-based producer of plastic and paper custom card and ticket products announces that it has reached an agreement to merge with UV Color, Inc., a Minneapolis/St. Paul-based manufacturer of gift cards, prepaid phone cards, secured card packaging, and collectible, trading and game cards.
Bert Castillo, President and CEO of Plastag Holdings, said, “We are extremely pleased to have joined the forces of these two industry-leading companies and are certain that the merger will add value to all of our customers. Our clients can now benefit from seeking out one source of innovation, production and fulfillment that will enable their businesses to further build customer loyalty, perform secure transactions and control revenue.”
About UV Color
UV Color is a leading manufacturer of high-quality telecom cards, gift cards and trading, collectible and game cards, as well as a provider of complete secure card packaging (i.e., packaging solutions for branded prepaid cards issued by financial services institutions) and specialty packaging solutions. As an innovative, solutions-driven company, UV Color provides large-scale, one-stop-shop production solutions, including multi-color, high-resolution ultra-violet printing, imaging, finishing and packaging, to a growing base of blue-chip customers across a number of industries, including telecom, retail, financial and trading/collectible/gaming.
About Plastag Holdings
Plastag Holdings is comprised of three separate businesses â Plastag, Lucas Color Card and GlobeTicket. Plastag has 76 years of experience as a leader in the manufacturing of printed plastic products, including, gift cards, ATM cards, casino cards, pre-paid phone cards, membership cards, driver’s licenses, and hotel keylock cards and more. Lucas Color Card produces the finest Teslin-based durable transaction cards available in the market today for a wide variety of applications (e.g., gift cards, patron cards, loyalty cards, promotional cards, etc.). Globe Ticket has been producing tickets for events since 1868 and today is the industry leader in quality, versatility, service and security measures for a vast range of ticketing needs, from a single roll to the most sophisticated, state-of-the-art computerized printed ticket.
About the Transaction
While the terms of the transaction have not been disclosed, Castillo said that the consolidated organization will operate under the Plastag Holdings, LLC name, with UV Color, Plastag, Lucas Color Card and Globe Ticket each retaining their own brands and identities. Dan Frederickson, UV Color’s current Chief Executive Officer, will lead the combined entity, serving as Chief Executive Officer of Plastag Holdings. Bert Castillo will remain as the combined entity’s President and Bob Kjelden, UV Color’s current Chief Operating Officer, will become Plastag Holdings’ Chief Operating Officer.
