SICPA Acquired Meyercord Revenue Inc. from Illinois Tool Works (ITW)

SICPA Security Inks and Systems USA, Inc. today announced that it has acquired Meyercord Revenue Inc., previously a wholly-owned subsidiary of Illinois Tool Works Inc. (NYSE: ITW).

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 September 2nd. Financial terms were not disclosed. ITW has retained a related business that manufactures and services tax stamp applicatio