A-Mark Precious Metals' Silver Towne Mint Acquires Assets Of Regency Mint Manufacturing For $2M

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.

 

With the acquisition, Silver Towne Mint acquired all of Regency Mint's minting equipment, which is expected to be moved shortly to the Silver Towne Mint's facility in Winchester, Indiana, as well as its entire customer list. Among the immediate benefits of the acquisition to Silver Towne Mint include additional capacity for proof-quality coins and rounds and breakable rounds, along with new extrusion equipment that will enable faster and more efficient production of fractional products.