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Checkpoint Systems Inc Announces Definitive Agreement to Sell U.S. and Canadian CheckView Business

Monday, 25 Mar 2013 08:00am EDT 

Checkpoint Systems Inc announced that it has entered into a definitive agreement to sell its U.S. and Canadian CheckView business to an affiliate of Platinum Equity, a California-based private equity firm. The sale includes all continuing business operations and assets associated with the U.S. and Canadian CheckView business. The transaction is expected to close by the end of April 2013. The divestiture follows an extensive review of Checkpoint`s businesses in 2012 at which time the Company`s Board of Directors determined that the U.S. and Canadian CheckView business will better serve its customers as an independent, entrepreneurial and more focused organization. Checkpoint will continue to pursue its redefined strategy to provide solutions that improve merchandise availability in retail stores. The Company`s portfolio includes electronic article surveillance systems and services to combat theft, radio frequency identification products to improve inventory accuracy, and tickets, tags and labels for merchandising apparel. 

Company Quote

-0.37 -2.76%
19 Sep 2014