Silver Towne Mint Acquires Assets of Regency Mint Manufacturing

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.

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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.