The strategic acquisition links two of the world's leading card manufacturers and demonstrates Topps' intent to expand the brand's portfolio by entering the digital currency retail space. In addition, Topps will bring manufacturing, design and collectability skills to digital currency cards.
"The Topps Company has found an ideal acquisition–GMG is a complementary business to our core and one that pivots us into the high-growth retail and digital convergence arena with partners such as Facebook," says Ryan O'Hara, chief executive officer of Topps. "We are delighted to have Rob Goldberg as part of Topps' senior management. He is a pioneer in new technologies for new digital services delivered at retail and follows in the footsteps of 60 years of creating new products for Topps."
"GMG is excited to join a global and forward thinking business such as Topps," says Rob Goldberg, chief executive officer of GMG. "We are looking forward to joining the Topps family as we look to accelerate and grow the category and amplify both of our core businesses on a worldwide platform."