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Silver Towne Mint (AM&ST Associates, LLC) Acquires Assets of Regency Mint Manufacturing

PRIVATEOct 14, 2024

Acquiring Company

A-Mark Precious Metals

Acquired Company

Regency Mint Manufacturing

WinchesterOremE CommerceRetailMiningPrecious MetalsManufacturingPrecious Metals

Description

A-Mark Precious Metals, Inc. announced that its subsidiary, Silver Towne Mint, has acquired substantially all of the assets of Regency Mint Manufacturing, LLC for $2 million. This acquisition provides Silver Towne Mint with additional capacity and state-of-the-art equipment, expanding its production processes and output capabilities.

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Company Information

Company

A-Mark Precious Metals

Location

Winchester, Kentucky, United States

About

Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading fully integrated precious metals platform that offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins and related products to wholesale and retail customers via a portfolio of channels. The company conducts its operations through three complementary segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers. A-Mark’s Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints. As a U.S. Mint-authorized purchaser of gold, silver, and platinum coins since 1986, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has longstanding distributorships with other sovereign mints, including Australia, Austria, Canada, China, Mexico, South Africa and the United Kingdom. The company sells more than 200 different products to e-commerce retailers, coin and bullion dealers, financial institutions, brokerages and collectors. In addition, A-Mark sells precious metal products to industrial users, including metal refiners, manufacturers and electronic fabricators. Through its A-M Global Logistics subsidiary, A-Mark provides its customers with a range of complementary services, including managed storage options for precious metals as well as receiving, handling, inventorying, processing, packaging, and shipping of precious metals and coins on a secure basis. A-Mark’s mint operations, which are conducted through its wholly owned subsidiary Silver Towne Mint, enable the company to offer customers a wide range of proprietary coin and bar offerings and, during periods of market volatility when the availability of silver bullion from sovereign mints is often product constrained, preferred product access. A-Mark’s Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its wholly owned subsidiaries, JM Bullion and Goldline. JM Bullion is a leading e-commerce retailer of precious metals and operates five separately branded, company-owned websites targeting specific niches within the precious metals market: JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org. JMB also owns CyberMetals, an online platform where customers can purchase and sell fractional shares of digital gold, silver, platinum and palladium bars in a range of denominations. Goldline markets precious metals directly to the investor community through various channels, including television, radio and telephonic sales efforts. A-Mark also holds minority ownership interests in two additional direct-to-consumer brands. The company operates its Secured Lending segment through its wholly owned subsidiaries, Collateral Finance Corporation (CFC) and AM Capital Funding. Founded in 2005, CFC is a California licensed finance lender that originates and acquires loans secured by bullion and numismatic coins. Its customers include coin and precious metal dealers, investors and collectors. AM Capital Funding was formed in 2018 for the purpose of securitizing eligible secured loans of CFC. A-Mark is headquartered in El Segundo, CA and has additional offices and facilities in the neighboring Los Angeles area as well as in Dallas, TX, Las Vegas, NV, Winchester, IN, and Vienna, Austria. For more information, visit www.amark.com.

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Frequently asked

Who acquired Regency Mint Manufacturing?

Regency Mint Manufacturing was acquired by A-Mark Precious Metals, based in Winchester. The deal was reported on October 14, 2024. Founded in 1965, A-Mark Precious Metals, Inc. A-Mark Precious Metals is privately held and operates in E Commerce.

When did A-Mark Precious Metals acquire Regency Mint Manufacturing?

A-Mark Precious Metals's acquisition of Regency Mint Manufacturing was reported on October 14, 2024. A-Mark Precious Metals, Inc. announced that its subsidiary, Silver Towne Mint, has acquired substantially all of the assets of Regency Mint Manufacturing, LLC for $2 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Regency Mint Manufacturing do?

Regency Mint Manufacturing, LLC is a 25-year old family-owned and operated ISO 9001:2015 certified mint that sells primarily to distributors and retailers of precious metals. It is privately held, operating in Manufacturing, and is based in Orem.

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