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JCM Divests Nanoptix

JCM Divests Nanoptix

Cash-handling equipment supplier JCM Global has agreed to a share purchase agreement with Nanoptix Thermal Printers of New Brunswick, Canada, under which JCM will sell its 49 percent common equity interest in Nanoptix back to the company.

Over the past four years, JCM has acted as both distributor and most recently as equity owner of Nanoptix, successfully marketing and selling Nanoptix products under the JCM portfolio.

“We have enjoyed a mutually beneficial relationship with Nanoptix for several years,” said Tom Nieman, global vice president of sales and marketing for JCM Global. “The selling of our shares in Nanoptix was an expected evolution in the planned history of our relationship, and we wish the company nothing but the best in their future endeavors.”