Silver Towne Mint Acquires Assets of Regency Mint Manufacturing

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

searcher

searcher

morning
Moderator
Benefactor
Messages
46,486
Reaction score
7,804
Points
288

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:

 
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.
 
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.
 
You must log in or register to reply here.
Back
Top Bottom