SPRINGBORO ATM PAPER MANUFACTURER ACQUIRED

A Springboro manufacturer of retail and ATM paper rolls has a new owner.

General Credit Forms Inc. bought Paper Systems Inc. Terms of the sale were not disclosed.

The buying company describes itself as “one of the largest domestic manufacturers and distributors of point-of-sale supply products.”

PSI, based at 185 S. Pioneer Blvd., focuses on the design and manufacture of paper rolls for point-ofsale and ATM systems.

PSI joins a company that includes printing and distribution companies General Credit Forms Inc. and Golden Business Forms Inc.; hardware manufacturer and service provider South Seas Data LLC; label manufacturer Advanced Labeling Systems LLC and wholesaler McCormick Paper Company Inc.

The ownership group purchased the assets of PSI and will continue to operate the company as PSI, the acquiring company said in a release.

PSI develops and makes custom-printed and blank point-ofsale and ATM roll products and offers other products, including point-of-sale ribbons, toners and inkjet cartridges.

PSI serves markets like banking, gaming, health care, retail, grocery, dining and other areas.

“We are excited about this strategic alliance with the McCormick family of businesses,” Larry Curk, chief executive of PSI, said in the release.

Dayton’s Corporate Development Associates Inc. advised PSI on the sale of the business.