Tricor's CPI Card Group to acquire turnkey card provider EFT

EFT Source Inc, a provider of turnkey card programs and personalization services for ATM and debit cards, has agreed to be acquired by long-time partner CPI Card Group. The financial terms of the deal were not released. CPI, a manufacturer of financial payment cards and related products, said the acquisition will combine capabilities of the two businesses and increase its capacity to deliver more customized programs, superior card production and greater personalization services to the financial industry. Based in Littleton, Colorado, CPI has been a portfolio company of Canadian private equity firm Tricor Pacific Capital since July 2007.

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