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11/04/2016

PLI Acquires Closed Loop Card Manufacturer PSA

Plasticard Locktech International (PLI), a hotel keycard and gift and loyalty card manufacturer, said that it acquired PSA. PSA, a closed loop card manufacturer and provider of holistic card marketing solutions, is headquartered in Romeoville, Ill., with a second location in St. Louis, Mo. The addition of the PSA team will increase PLI's total workforce nationwide from 700 to more than 1000 employees. This acquisition doubles the PLI facilities to four and grows the production space from 300,000 to 450,000 square feet.
 
The acquisition of PSA adds capacity, capability, and another valuable distribution point for PLI customers. And the acquisition will expand PLI’s capacity from the production of 1.1 billion cards a year to 1.6 billion cards produced from a variety of materials including a newly-launched chalk product.
 
PLI has an exclusive agreement to bring the PLI-Nu eCard to the market. The product, derived from sustainable, renewable and recyclable material, was launched last week in North Las Vegas.  The PLI-NU eCard is a green product available to the market at comparable pricing to traditional PVC plastic. The PLI-Nu eCard will be available in two options - 85 percent PVC-free and 100 percent PVC-free.
 
PLI also announced last week that it will grow its workforce by an additional 25 percent in its North Las Vegas facility by adding a third shift to its operations and up to 75 new employees, 50 of those to be hired immediately.