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PROCAPS LP AND ACCUCAPS INDUSTRIES LIMITED
ANNOUNCE
MERGER OF PAINTBALL MANUFACTURING AND DISTRIBUTION BUSINESSES
Procaps LP the world’s premier manufacturer and distributor of paintballs and paintball related products and Accucaps Industries Limited one of the largest full-service soft gel capsule contract manufacturers in North America are pleased to announce the merger of their paintball manufacturing and distribution businesses effective April 2, 2008. Archon Incorporated and ZAP Paintball, wholly owned businesses of Accucaps, will transition into the Procaps organization to create the world’s premier manufacturer and distributor of premium branded paintball products. Paintball production will be consolidated in the Procaps Montreal Facility.
Mike Peverill, President of Procaps Direct Inc., stated “As part of this agreement, Procaps will directly manage the paintball distribution organization and create one integrated supply chain that will create a valuable partnership with our dealers and distributors.” “The merger of these two successful organizations is a testament to our commitment to develop the Paintball market and create the #1 Paintball Company in the world. Our goal is to be a global partner helping our dealers become more profitable and providing their customers with a complete line of carefully chosen, high-quality branded paintball products.” said Xristos Silaidis, President & CEO of Archon Inc. / ZAP Paintball.
Procaps will provide Field Operators and Dealers with the world’s most recognized and most innovative branded paintball products in the industry. Our product portfolio includes our proprietary DXS™/Draxxus™ paintballs, VForce™ Vision Systems™ and DXS™ Air Systems in addition to a careful selection of the TOP market leading brands: Tippmann Sport™, Planet Eclipse™, NXE™, Tiberius™ and many other well known paintball brands.
The combined organization will also continue to provide key sponsorship support to the industry, through team and league sponsorship, scenario events sponsorship and other activities.
As part of this announcement, American Paintball Supply Inc., based in Queensbury New York, will enter into a strategic partnership with Procaps. American Paintball Supply will expand their existing product mix to include the DXS™ and VForce™ brands as well as many other new brands.
“This is an exciting day for Procaps, as we merge these two great organizations and take the industry to the next level,” said Howard Tafler, Chief Financial Officer Procaps LP. “This merger enhances Procaps’ manufacturing and distribution capability in the Paintball sector, giving us the opportunity to expand our customer portfolio in worldwide.”
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