Repacorp Purchases Hooven-Dayton Assets, IP Repacorp, Inc., a label manufacturer with headquar- ters in Tipp City, Ohio, has acquired Hooven-Dayton Corp.’s assets and intellectual property.The asset pur- chase terms have not been disclosed. Some equip- ment will be incorporated into Repacorp’s three facilities located in Ohio,Wisconsin and Arizona.The rest of the equipment will be auctioned on July 11, 2018. The Branford Group, an industrial auction company, with Joseph Finn Co & North East Printing Machin- ery, will conduct an online auction for the remaining assets formerly owned by Hooven-Dayton Corp. Established in 1974, Repacorp started as a firm rep- resenting printing corporations, thus the name “Rep- A-Corp.” Rick Heinl joined Repacorp in 1978 and became sole owner in 1990 and purchased his first press, becoming a manufacturer in 1993. Anti-Counterfeit Packaging Market To Be $350 Billion The global anti-counterfeit packaging technologies market is set to reach more than $350 billion by 2026, according to a report published by Credence Research. The report acknowledges that in 2017, North Amer- ica led the anti-counterfeit packaging technologies market. However, between 2018 and 2026,Asia Pacif- ic is estimated to be the fastest growing region. According to the report, counterfeit product trade is a trillion dollar market, with trade expansion be- tween countries, easy payments and well-established distribution channels just some of the reasons why the number of counterfeits are increasing. Anti-counterfeit packaging technologies can be use- ful in the fight against infringing goods, with the re- port stressing that coding and printing, which currently leads the market, will “maintain its domi- nance over the forecast period”. Alongside the aforementioned technology, holo- grams are a proven technology that “acts as a barrier to counter counterfeit products and its packaging”. The report suggests that the development of holo- grams can conserve revenue, customer loyalty and “marketing investment made by the manufacturer”. In terms of technology, RFID is projected to see the fastest growth. With features such as supply chain tracking, high level of security against dupli- cation and wireless capabilities could see the technology grow.
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