Spectra Buys Cartor

Spectra Systems Corporation has agreed to buy security printer Cartor Holdings in a deal worth up to £10.5 million. It has described the move as a strategic acquisition to bolster its position in the polymer banknote substrate market.

The enlarged company is expected to have new sales opportunities across a range of products (including revenue stamps, brand protection, security labelling, and other security documents) as well as improving margins for the polymer substrate business.

Spectra’s machine readable polymer substrate is called Fusion™. It has partnered with two companies in its production and development - Toray Plastics (America) Inc, a manufacturer of high-quality BOPP and Cartor, who carried out the conductive treatment and opacification of the film (see CN September 2022).