SICPA announced that the acquisition of Cabot Corporation’s security materials division, including Cabot Security Materials Inc. (CSMI) in Albuquerque, NM, has been concluded with success.
The completion of the acquisition effective from July 31 leads to the establishment of a new SICPA company, STA Technologies Inc., which is based in Albuquerque and managed operationally by SICPA Securink Corp. in Springfield, VA.
This move aims at expanding the SICPA global security offerings and reinforces its leading position in security solutions and services.
The company is committed to respecting CSMI and other Cabot security materials division contractual agreements with personnel, suppliers and clients. The existing Albuquerque worksite will be developed into a competence center dedicated to material-based technologies for authentication.