“Graphic Controls’ POS products will help continue our leadership as the low-cost leader of paper receipts, and likewise, Iconex’s geographic footprint is uniquely positioned to provide world-class solutions to this new customer base,” says Iconex CEO Craig Gunckel.
DULUTH, Ga. (PRWEB) February 07, 2023
Iconex, the world’s leading provider of highly differentiated label solutions and low-cost paper receipts, today announced the acquisition of Graphic Controls Transactional Media’s Point-of-Sale Rolls division. Graphic Controls, based in Buffalo, N.Y., is a subsidiary of Nissha Co. Ltd.
The Graphic Controls Point-of-Sale Rolls division produces security-enabled printed vouchers and receipts, point-of-sale coupons, kiosk receipts and more. Iconex is acquiring the division’s equipment and customer base but not any employees. “This acquisition is important and representative of our ongoing commitment to the growth of our legacy paper business,” Iconex Chief Executive Officer Craig Gunckel said. “Graphic Controls’ POS products will help continue our leadership as the low-cost leader of paper receipts, and likewise, Iconex’s geographic footprint is uniquely positioned to provide world-class solutions to this new customer base.”The equipment from Graphic Controls will be transitioned to Iconex’s Morristown, Tenn. location. The group’s products are used by customers in the retail, kiosk, banking, law enforcement and entertainment industries.
“This is a unique opportunity, and we look forward to a smooth transition,” said Mike Rapier, Paper Business Executive Vice President at Iconex. “We are excited to offer Iconex’s full suite of global solutions to this important, new customer base, which will include service from our two European plants.”
As an organization, Iconex is committed to its Winning Aspiration: To be the world’s leading provider of receipt and innovative label solutions, which create value for its customers by enhancing transaction recording, ensuring order accuracy and improving operational efficiency. Iconex continuously works toward ensuring its businesses are properly supported and structured to achieve this goal.
Iconex is the world’s leading low-cost provider of paper receipt and variable print label solutions that transform business processes to drive profitability, productivity, customer satisfaction and sustainability. A tradition of innovation dating back to 1887 is woven into the fabric of Iconex’s identity beginning with the company’s invention of the paper receipt, which revolutionized business transactions. That spirit of innovation continues with the introduction of Iconex Sticky Media™, Sticky Media G2 and other patented innovations that are relied on by several of the world’s largest companies in food & beverage, retail, quick service restaurants, grocery, pharmacy, manufacturing and distribution and logistics to streamline operations, leading to an improved customer experience. For more information, please visit iconex.com.