HID Global ID Card Printer achieves GreenCircle Certification
AUSTIN, Texas– HID Global®’s HID® FARGO® HDP6600 High Definition Printer/Encoder is the first retransfer printing solution for ID card personalization that has GreenCircle® certification. The printer’s power-efficient design enables users to save thousands of dollars in annual energy costs for large projects spanning many printers.
The HDP6600 printer achieves its breakthrough energy efficiency using a design that also delivers the fastest overall throughput speeds and shortest time until the first card is printed. Sustainability is further improved through an optional wasteless lamination module that dramatically reduces the waste byproducts that other printers generate. The module cuts consumables costs nearly in half for printed and laminated cards.
“By combining our patent-pending iON™ “instant on” technology with an innovative design that permits simultaneous film printing and card retransfer processes, we’ve created one of the world’s fastest solutions while also eliminating the need for continuous transfer heating,” said Craig Sandness, Vice President and Managing Director for Secure Issuance with HID Global. “This advancement enabled us to achieve best-in-class energy efficiency that has now been independently validated through the GreenCircle certification program.”
HID Global’s sixth-generation HID FARGO HDP6600 printer halves the time required to print the first ID card as compared to many alternatives, while doubling overall throughput to up to 230 cards per hour. It is also easier to service and more flexible to use across a wider range of applications, and less expensive to operate with a lower printing cost per card. The printer offers true 600 DPI resolution with precision color panel registration for sharper text, crisper barcode edges and more vibrant colors than products that use dithering techniques and can only approximate this image quality.
More Info: www.hidglobal.com.
S&G To Be Acquired by OpenGate Capital
Nicholasville, KY –Sargent and Greenleaf (S&G), a manufacturer of high-quality mechanical and electronic locks, announced today that OpenGate Capital, a global private equity firm, has entered into an agreement to acquire S&G from Stanley Black & Decker. The transaction is anticipated to be completed in Q1 2019. Financial terms were not disclosed.
Established in 2005, OpenGate Capital specializes in the acquisition and operation of businesses to create new value through operational improvement, innovation and growth. Leaders within both companies will work closely to leverage resources to support S&G’s mission to grow and create sustainable long-term value. S&G will transition into a stand-alone business under the ownership of OpenGate Capital.
“Sargent and Greenleaf is enthusiastic about the many exciting opportunities that lay ahead,” said Keith Deaton, COO at Sargent and Greenleaf. “During the acquisition, we will continue operating to bring our customers high-quality products. With the support from OpenGate Capital, we will develop and release innovative locking solutions for safes, vaults, ATMS and highly sensitive environments, while building even stronger customer relationships.”
“We are excited to work with the team at S&G and build upon the legacy of the business,” said Paul Bridwell, Managing Director at OpenGate Capital, who is responsible for managing and supporting operations of the firm’s investments in North America. “We look forward to partnering with management in their focus on growth, by further strengthening S&G’s commercial reach and investing into the company’s product innovation engine.”
More Info: www.sargentandgreenleaf.com
KEYper Systems Acquired by ASSA ABLOY
ASSA ABLOY has signed an agreement to acquire KEYper Systems, a leading supplier of electronic and mechanical key management systems in the US with a strong presence in the automotive segment.
"I am very pleased to welcome KEYper Systems into the ASSA ABLOY Group. The acquisition of KEYper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“KEYper Systems will complement our products within intelligent key and asset management solutions offered by Traka, which is part of the business unit ASSA ABLOY Global Solutions (previously Hospitality) as of 1 January 2019. The acquisition will also strengthen our position and installed based in the US as well as provide an attractive opportunity to accelerate our global growth,” says Christophe Sut, Executive Vice President and Head of Global Technologies business unit ASSA ABLOY Global Solutions.
KEYper Systems was established in 1993 and has approximately 25 employees. The head office is located in Harrisburg, North Carolina.
Sales for 2019 are expected to reach about USD 22 million (approx. SEK 195 million) with a good EBIT margin and the acquisition will be accretive to EPS from start. The acquisition is conditional upon satisfaction of customary closing conditions and is expected to close during the first quarter of 2019.
Craftmaster Acquires Taylor Security & Lock
Northvale, NJ – Craftmaster Hardware LLC, a security hardware distributor, has acquired Taylor Security and Lock of Gaithersburg, Md. Taylor is a distributor of commercial and residential door hardware offering traditional mechanical door hardware as well as electronic access and high security locking products.
“I am excited about the opportunity that combining Craftmaster and Taylor brings to our associates and our customers” said Joel Taylor, founder and President of Taylor Security & Lock. “Two great organizations with deep product knowledge and similar reputations for customer care will create a powerful presence in hardware distribution”, Taylor added.
Tim Grogan, Craftmaster CEO echoed Mr. Taylor’s comments. “Craftmaster Hardware is thrilled to have Taylor Security & Lock join us in expanding our ability to provide extraordinary value for our customers. We intend to continue our focus on distribution excellence, and the Taylor team is a great addition to help us in that process”.
Craftmaster Hardware is a portfolio company of Capital Resource Partners (www.crp.com) who acquired the business in 2015. Headquartered in Boston, CRP is a lower middle market investment group who has invested more than $1.1 billion in over 100 companies throughout the US. CRP partnered with Northcreek Mezzanine, a Cincinnati based SBIC fund that focuses on investing in, and helping grow, lower middle market companies.
Craftmaster Hardware, LLC (www.CraftmasterHardware.com), founded in 1951 is headquartered in Northvale, NJ. Craftmaster Hardware serves institutional locksmiths, facilities managers and security professionals in the healthcare, education, corrections and industrial markets.
Founded in 1972 by Joel Taylor, Taylor Security & Lock (www.TaylorSecurity.com) is a wholesale distributor of door hardware serving private, institutional and government locksmiths, facilities management professionals, maintenance engineers and access control companies.
