The group is in discussions with OpSec Security Group over the sale of the security business of API Holographics. Following consultation with API Holographic’s employees, customers and partners, API Group expects to complete the process early in April 2016.
API Group said that it is strategically focused on the packaging arena whereas the holographic security product line addresses a different market segment.
“This transaction will support API Group’s strategy for delivering world class brand enhancement solutions to brand owners and the packaging market, our core business segment,” said Dino Kiriakopoulos, President and chief executive of the API Group. “It will allow us to focus investment and improvement activities across our core brand enhancement business and ensure that the holographic security foils business is maximised as part of a company with specific focus in those markets.”
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