CARTOR Security Printers has been acquired by Spectra Systems Corporation, a specialist in machine-readable banknote authentication, brand protection technologies and gaming security software.
The acquisition is tipped to bolster Spectra’s presence in the polymer banknote substrate market and introduce fresh avenues for selling its security products.
Cartor’s existing management structure, comprising MD Andrew Brigham, chairman Ian Brigham, and finance director Martin French will remain in their respective roles.
The business operates through three wholly-owned subsidiary companies and maintains manufacturing facilities in the UK and France. It supplies postage stamps to more than 180 administrations worldwide, offering a range of products including conventional and hybrid postage stamps, tax stamps, vouchers, coupons, certificates, and security documents.
Additionally, Cartor provides a secure environment for manual assembly and fulfilment. The company is said to stand out by employing ‘cutting-edge’ technology to make it difficult for counterfeiters to operate in industries with valuable products and services.
In collaboration with Spectra over the past two years, Cartor has developed the expertise required to produce Fusion substrates, which are undergoing qualification by central banks and polymer banknote printers.
Dr Nabil Lawandy, CEO of Spectra Systems, said, “The Spectra board of directors and I are pleased to announce the acquisition of Cartor, which solidifies our position in the polymer substrate market and broadens our business reach through new sales channels. Our two-year collaboration with the Cartor team has been exceptional and I have great confidence in the group’s leadership.”
Andrew Brigham, MD of Cartor, added, “The acquisition comes at a pivotal moment for Cartor’s growth and, under Nabil’s leadership, we aim to expedite this growth and unlock new opportunities. The Cartor group intends to harness Spectra’s extensive technical expertise and Cartor’s operational prowess to deliver groundbreaking solutions to both current and future customers.”
