Gaming Partners International announced it has completed its acquisition of GemGroup, the parent company of playing card supplier Gemaco. The transaction was finalized last month and completed with a combination of cash and bank financing totaling .75 million. GPIC manufactures and supplies table-game equipment to licensed casinos worldwide. Based in Missouri, Gemaco has six manufacturing facilities and offices around the globe, including in France, Mexico and China.
Officials said the promotional products operations and staff will not be impacted by the deal, and the company will continue to produce orders and products from its Blue Springs, Missouri facility.
GPIC President and Chief Executive Officer Gregory Gronau said, “We are pleased to announce the successful completion of our acquisition of GemGroup and its well-known Gemaco-branded gaming products. In addition to adding their playing card and table layout products to our domestic product portfolio and increasing our U.S. market share for both segments of recurring revenue, this acquisition expands our manufacturing capabilities in North America while adding recurring layout sales and related services to our Asia Pacific offerings.
“This combination of products, talent and expertise gives GPIC a greater ability to support our global customers’ ongoing table game product needs while expanding our customer support network with Gemaco’s experienced staff.”