Overland Parks, KS -- UEI® Group, headquartered in USA, announces that it has acquired the assets of Falcontec Ltd. to strengthen UEI® Group’s leadership in the hot stamping & embossing industry.
The combined company will underscore the UEI® Group’s commitment to the European market. “One of our core strategies is to expand our business where our customers are growing, meeting their needs in different parts of the world,” said Larry Hutchison, President/CEO of UEI® Group. “Acquiring UK based Falcontec Ltd., not only demonstrates we’re serious about growing our business in Europe, it gives us the room we need to expand UEI® Group’s capabilities and capacity.”
Falcontec Ltd., headquartered in Halesowen, West Midlands, is one of the UK’s premier rotary tooling manufactures supplying the growing pressure sensitive label markets for Home & Personal Care, Food & Beverage, Wine & Spirit and Healthcare industries. Falcontec will continue to operate in its Halesowen facility.
Hutchison added, “We are excited about the opportunities this acquisition provides. Both UEI® Group and Falcontec have long been recognized as leaders in the manufacture of hot stamping and embossing tooling and dies. Now, together, we will have unparalleled manufacturing capabilities, increased technology and a premier product offering.”
Falcontec, and its full product line, will fall under the UEI Group of companies which includes Universal Engraving, Inc.; UEI® FineCut Ltd.; UEI® Systems and Infinity Foils®, Inc. UEI® Group companies are considered leaders in the supply of hot stamping and embossing products, servicing a wide range of industries and customers throughout the world.
Commenting on the acquisition, Stan Vigurs, of Falcontec said, “As founder of Falcontec, I am pleased to know that our customers will benefit from the acquisition. The joint resources of the UEI® Group and Falcontec can only serve to enhance the excellent service they currently receive. This is the next chapter for both Falcontec and the UEI® Group of companies and I am pleased to be part of it and certain that it’s going to be a very exciting one.”
In addition, through this acquisition Falcontec customers will also benefit from UEI® Group’s exclusive sales & distributorship with RotoMetrics®. This reunites Falcontec’s rotary hot stamping and embossing tooling with a global sales & distribution resource who will handle customer’s order inquiries on a direct basis.Falcontec’s commanding presence in the European market compliments UEI® Group’s worldwide leadership in providing quality hot stamping & embossing products, innovative solutions and technologies. The two companies are natural partners and together will combine to expand upon UEI® Group’s global manufacturing footprint to support the market needs and demands.