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Move paves way for high-tech tobacco tax stamps; tax revenue losses on tobacco estimated at $5B nationwide
September 8, 2010
By: DAVID SAVASTANO
Editor, Ink World Magazine
SICPA Security Inks and Systems USA, Inc., a leading provider of integrated government security solutions on high excise tax products, announced that it has acquired Meyercord Revenue Inc., previously a wholly-owned subsidiary of Illinois Tool Works Inc. The transaction will combine SICPA’s international government tax platform expertise with Meyercord’s experience in producing and distributing tobacco tax stamps for U.S. states and municipalities. The transaction closed on Sept. 2 Financial te...
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