Pollard Banknote to buy Fastrak Retail
Winnipeg-based lottery and retail merchandising company Pollard Banknote has signed an agreement to purchase Fastrak Retail, a United Kingdom-based company also specializing in lottery products and retail merchandising. Fastrak’s clients include the UK National Lottery, the Irish Lottery and the Illinois Lottery. It also produces a range of retail point-of-sale displays. The purchase price is approximately $7 million.
“We are thrilled with this acquisition of Fastrak and are confident it will deliver additional innovation and new international markets for our retail merchandising solutions,” said Doug Pollard, co-CEO of Pollard. “Fastrak, working alongside our existing operations of Schafer Systems, will provide a global approach to providing state-of-the-art retail and merchandising solutions to lotteries across the world. Leveraging the best ideas of both organizations will ensure the superior marketing concepts are delivered to each and every lottery organization.”