Wholly owned subsidiary specializes in MICR Inks
Hinckley, IL; January 21, 2015 – Circle Systems, Inc. (Circle Systems) has announced its acquisition of Lake Industries, Inc. in St. Mary’s, Georgia. They will now operate as Lake Industries, LLC, a wholly owned subsidiary of Circle Systems. Lake Industries has been a technology partner of Circle Systems for the past 18 years and will continue in that role while also continuing their other business of manufacturing and marketing MICR Inks which are black magnetic inks used in check printing.
Circle Systems is recognized in the NDT industry for its magnetic particle inspection materials including the Mi-Glow®, CircleSafe®, and Sir-Chem® product lines. “The technological expertise at Lake Industries has been beneficial to us in our ongoing efforts to develop new and improved products for use in magnetic particle inspection”, said Mark Erlanson, President of Circle Systems. “We look forward to our continued technology partnership with Lake Industries and we are excited to enter the MICR ink market with them.”
Lake Industries manufactures magnetic inks also known as MICR inks mainly used in check printing. Their main products include Magnetic Encapsulated Inks for Offset and Numbering printers. Until this acquisition, Lake Industries’ products were mainly sold under other companies’ brands and labels.
Circle Systems will continue its ongoing research with Lake Industries to advance the technology of magnetic particle inspection products. Lake Industries will utilize the additional resources that Circle Systems can provide to expand its marketing efforts in MICR inks.
About Circle Systems
Founded in 1956 as Circle Chemical, Circle Systems has consistently raised the bar in the design and manufacture of magnetic particles for non-destructive testing. Circle has been a pioneer in many areas of magnetic particle inspection including water based wet inspection materials, water based aerosols with CO2 propellants, particles for use in underwater inspection, and magnetic stripe cards for quick and easy monitoring of inspection baths. Circle Systems’ commitment to innovation and service is well recognized by many leading manufacturers and nondestructive testing companies around the world.