Sicpa Security Inks and Systems USA today announced that it has acquired Meyercord Revenue from Illinois Tool Works.

Sicpa, a leading provider of integrated government security solutions on high excise tax products, said the deal will combine its international government tax platform expertise with Meyercord's experience in producing and distributing tobacco tax stamps for U.S. states and municipalities.
Sicpa and Meyercord have already worked together to produce high-tech, paper-based cigarette tax stamps. Charles Finkel, Sicpa's executive vice president said that "our goal is to make this technology as widely available and easily implemented throughout the United States, as well as to enhance existing state and federal tobacco tax collection systems."
Meyercord currently provides 250 different tax stamps to 47 states, approximately 140 municipalities and Native American tribes.
The transaction closed on 2 September. Financial terms were not disclosed. As a part of the acquisition of Meyercord, Sicpa plans to retain the current employment level at Meyercord's facility in Carol Stream, Illinois, near Chicago.
Illinois Tool Works maintained ownership of the Meyercord Equipment business which applies the tax stamps to the cigarettes packs. (pi)