JAKARTA - The Pokémon company agreed to acquire the Trading Card Game (TCG) printing company, Millennium Print Group for an undisclosed amount.
In a press release issued on Tuesday, the company said the acquisition was intended to scale up Millennium Print Group's operations.
"With this acquisition, The Pokémon Company International aims to further expand the capabilities, infrastructure and scale of the Millennium Print Group to become a major commercial card printer, serving a wider industry," he said.
The Millennium Print Group will continue to operate as a separate "autonomous" company, although it will gain "investment and industry expertise from The Pokémon Company International".
The North Carolina-based company Millennium Print Group has been printing TCG cards for Pokémon since 2015, and after the acquisition will likely continue to do so in the future.
In a statement, The Pokémon Company President, Kenji Okubo, said that the Millennium Print Group has been an important partner for The Pokémon Company International for many years, delivering the Pokémon Trading Card Game with the quality they have come to expect.
"By joining forces in a more meaningful way, our goal is to improve the way our organizations work together and continue to bring high-quality Pokémon TCG products to the market."
"This exciting new chapter for the Millennium Print Group has a tremendously beneficial impact on our business and its people. We look forward to continuing to support our team members and customers while developing Millennium to become the premier printer for trading cards in the world," Millennium Print Group CEO Terry Programmer added.
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