SICPA Product Security LLC
8000 Research Way
Springfield, VA 22153
Phone: (703) 455-8050
Fax: (703) 450-4518
Total Sales: $60 million (Ink World estimate).
Major Products: Proprietary security inks for intaglio, offset, screen, flexo and gravure security printing applications.
Key Personnel: Jim Bonhivert, CEO and president; Tom Jay, VP of sales and marketing; Tom Classick, technical director.
Number of Employees: Approximately 140.
Operating Facilities: Springfield, VA; Fort Worth, TX; Carol Stream, IL; Vaudreuil-Dorian, Quebec.
Comments: The dangers of counterfeiting are clear, as the importance of document security and brand security are essential in the face of terrorism as well as knock-off products such as pharmaceutical goods that can potentially kill people.
Developing technology to ensure the security of documents and products is critical, and SICPA S.A., the Switzerland-based worldwide leader for printing inks for currency and sensitive documents, plays a major role in these fields. With global sales of $400 million during 2010, SICPA S.A. provides security inks for the majority of the world’s currencies.
SICPA Securink Corporation dominates the security ink business in North America, with its inks appearing on currency and security documents as well as packaging of value. SICPA’s color-shifting Optically Variable Ink (OVI) for U.S. currency has played a key role in reducing counterfeiting. SICPA’s R&D experts have developed numerous innovative inks in cooperation with its parent company and its high-tech suppliers, and offer strong technical support for their products.
Due to its expertise in developing integrated systems for authentication and secure supply chain, SICPA Product Security, LLC has successfully combined its material-based security ink technology and information-based secure tracking and tracing technology for brand owners. SICPA manages the California counterfeit-resistant tobacco tax stamp program, which includes an encrypted stamp and database management system. Similar to the California program, SICPA is also in a joint venture with Canadian Bank Note Company on the Canadian tobacco stamp program.
Along those lines, in February 2010, the Massachusetts Department of Revenue awarded the company the contract to provide the commonwealth with a new counterfeit-resistant cigarette excise-stamping program.
Meyercord Revenue, Inc. was sub-contracted by SICPA in both California and Massachusetts to provide stamping machines and ancillary equipment for tax stamp programs. In September 2010, SICPA acquired Meyercord Revenue Inc. from Illinois Tool Works Inc. The transaction combines SICPA’s international government tax platform expertise with Meyercord’s experience in producing and distributing tobacco tax stamps for 47 U.S. states and approximately 140 municipalities and Native American tribes. As a part of the acquisition, SICPA plans to retain the current employment level at Meyercord’s facility in Carol Stream, IL, near Chicago.
“We are committed to Meyercord, its management and employee base,” said Jim Bonhivert, president and CEO of SICPA North America. “We plan to profitably grow the current operation and its reach while moving forward with technology that contributes to the public good.”