A-Mark Precious Metals' Silver Towne Mint Acquires Assets Of Regency Mint Manufacturing For $2M
Portfolio Pulse from Benzinga Newsdesk
A-Mark Precious Metals' subsidiary, Silver Towne Mint, has acquired the assets of Regency Mint Manufacturing for $2 million. This acquisition includes minting equipment and a customer list, enhancing Silver Towne Mint's production capabilities.
October 14, 2024 | 12:20 pm
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A-Mark Precious Metals' acquisition of Regency Mint's assets for $2 million enhances its subsidiary Silver Towne Mint's production capabilities, potentially increasing efficiency and output.
The acquisition of Regency Mint's assets by A-Mark's subsidiary Silver Towne Mint is likely to enhance production capabilities, including proof-quality coins and rounds, and improve efficiency with new equipment. This strategic move could lead to increased output and potentially higher revenues, positively impacting AMRK's stock price in the short term.
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