Silver Towne Mint Acquires Assets of Regency Mint Manufacturing

[searcher]

Silver Towne Mint Acquires Assets of Regency Mint Manufacturing​

Strategic Tuck-In Acquisition Expected to Increase A-Mark’s Total Minting Capacity to 100MM Ounces Annually Over the Long Term

EL SEGUNDO, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (Nasdaq: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its wholly owned subsidiary Silver Towne Mint, operated through AM&ST Associates, LLC, has acquired substantially all of the assets of Regency Mint Manufacturing, LLC (Regency Mint), for $2 million. Regency Mint, a 25-year old family-owned and operated business located in Orem, Utah, is an ISO 9001:2015 certified mint that sells primarily to distributors and retailers of precious metals.

More:

https://finance.yahoo.com/news/silver-towne-mint-acquires-assets-120000851.html

 

[pmbug]

I have done business with Silver Towne before and always was satisfied with the products and experience. They generally had good prices on their products. Hopefully the acquisition is a sign that they are doing well.

 

[nickndfl]

Those private mints can be am interesting industry. They must olerate with economies of scale and compete with sipwrior customer service since they are selling a modified commodity.

I wod also much rather be on their wholesale end rather than dealing with retail.