UK-based casino equipment manufacturer and supplier TCSJOHNHUXLEY is set to acquire US, Missouri-based dice manufacturer Midwest Game Supply Inc., the company announced. An irrevocable undertaking to purchase all issued and outstanding shares has been signed. The financial terms of the transaction have not been disclosed.
The transaction, subject to regulatory approvals, is expected to close by Q1 2022. The acquisition builds upon an ongoing relationship between both businesses over many years. As current MWGS owners Charles and Linda Sohm announced they planned to retire, TCS John Huxley appeared as a “natural fit” to overtake the company.
First established in 1945, Midwest Game Supply is a company mainly dedicated to manufacturing and distributing dice, with a worldwide customer base that covers the whole of the USA and additional countries. The business also develops other casino floor products, including layouts and accessories.
As TCS John Huxley has committed to growing its business, this operation is seen as aligning “perfectly with the company’s vision” to become the premier supplier of live table games to the North American American market, according to a press statement. The transaction follows the acquisition of the GPI table, layout and accessories product lines in 2020.
“Linda and Charles have established a strong company that is committed to excellence, and admired by many. As a family-run business ourselves, we understand the importance of these values and therefore fully intend to uphold their legacy,” Tristan Sjöberg, TCS John Huxley Executive Chairman said. “We also look forward to working with their children, who will continue working in the company.”
According to TCS John Huxley, the MWGS facility in Missouri will continue to operate “as usual” and is “perfectly positioned” to provide the springboard for an expanded Midwest presence for the company.
TCSJH offers products in a wide range of areas, including roulette wheels, gaming tables, casino chip sorters, winning-number displays, card shufflers, electronic gaming terminals, money wheels, gaming floor optimization software, and more.
In February 2020, the business concluded an asset purchase agreement with Gaming Partners International (GPI) to acquire all operating assets related to the casino furniture, layouts and accessories businesses in the North American market.
“We believe the acquisition of these assets will build on the strong foundations established by both companies and will position TCSJOHNHUXLEY to provide unrivaled casino floor turnkey solutions to our customers across the Americas,” Sjöberg said last year.
Original article: https://www.yogonet.com/international/news/2021/11/24/60356-tcs-john-huxley-to-acquire-dice-manufacturer-midwest-game-supply
