05:16 PM EDT, 04/01/2025 (MT Newswires) -- Pollard Banknote ( PBKOF ) ib Tuesday said it completed the purchase of the business of Pacific Gaming and LIF Capital Group, collectively Pacific, for $14.4 million to add their bingo electronics, handhelds, blowers, point-of-sale systems, and bingo management systems.

The purchase price was funded from existing Pollard Banknote ( PBKOF ) cash resources and existing senior credit facilities, and is expected to be accretive to Pollard Banknote's ( PBKOF ) earnings.

The company said the acquisition strengthens Pollard Banknote's ( PBKOF ) existing product portfolio, which already includes paper pull tabs, electronic pull tabs, bingo paper, pull tab vending machines, video verifiers, and bingo daubers. Pacific's bingo equipment provides an even more comprehensive and integrated range of products to meet the needs of charitable gaming operators.

Pollard shares closed up $0.27 to $20.07 on the Toronto Stock Exchange.