Clear-Vu Consolidates Position as Media Packaging Leader Through Acquisition of Nexpak Brand and Assets
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29 New York Ave.
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Press release date: August 18, 2009
WESTBURY, NY--(August 18, 2009) - Clear-Vu, the leading provider of media security packaging, announced today the completed acquisition of the brand and related assets of its main competitor, Nexpak Corporation.
Clear-Vu has long been the innovator in the retail/rental marketplace for security packaging of disc-based media such as CDs, DVDs, and now Blu-ray discs. By acquiring established product lines including Amaray II Benefit Denial(TM) and SecureCase(TM), Clear-Vu will enhance its existing portfolio of One-Time(TM) and Zenith Pac(TM) products, as well as foster new relationships with Nexpak's distributor and customer base. Nexpak's benefit denial technology, in particular, is a cost-effective method of theft deterrence that destroys a disc upon unauthorized access.
While the traditional retail/rental model of content distribution is often viewed as in its sunset years, Clear-Vu has identified and capitalized a niche growth market in physical media amidst the onslaught of digital distribution.
"We continue to see year-over-year growth in security packaging, especially in the library market, by integrating novel technologies such as Radio Frequency Identification (RFID) and self-checkout through our partnership with Checkpoint Systems and 3M Library Systems," said Daniel Lax, VP Business Development of Clear-Vu.
The acquisition, which was effected through a bankruptcy auction held last month in Delaware, solidifies Clear-Vu's standing as the preeminent supplier in the market to video rental chains, library distributors, and technology companies, and will open up new opportunities with leading media content providers.
Clear-Vu is the industry leader in media security packaging. With customers including Blockbuster and Nintendo, Clear-Vu's innovative products have won critical acclaim with clients that focus on high-value merchandise in a high-touch, live sell environment. Clear-Vu has served the rental/retail marketplace with novel solutions since 1989, with design and manufacturing expertise backed by more than 50 successful years in plastic manufacturing through its parent-affiliate, Autronic Plastics, Inc. For more information about Clear-Vu's line of products, visit http://www.clear-vu.com and http://www.nexpak.com.
Contact: Daniel Lax (516) 333-8880 ext. 109 email@example.com