Sunshine Minting in Henderson, Nevada, has acquired ownership of Annex Plating in North Providence, Rhode Island.
This is the culmination of over a 20-year history with Annex Plating, first as a vendor for SMI, and since 2014, SMI has been a 50% stakeholder of Annex Plating. This final acquisition of the remaining 50% of the entity will allow Annex Plating to operate as a wholly-owned subsidiary of SMI.
Tom PowerBarry Fishback, the founder of Annex Plating, will remain with the company as its Vice President of Operations. The operation will maintain the current facility located in North Providence.
“The acquisition of the remaining ownership of Annex Plating will add more financial, technical depth, and support for the growth of Annex Plating’s operation, which is key for customers currently using them as a vendor,” says Tom Power, Chief Executive Officer of Sunshine Minting. “We can now expand on their current capabilities and bring new product lines to our growing customer base.”
Power says that Annex Plating brings a unique set of skills for producing non-precious metal items such as copper and brass medals, medallions, and tokens, a full array of plating options such as gold, silver, platinum, rhodium, and ruthenium, select gold enhancements, antiquing and lacquering, as well as a full-service minting facility.
“These additional processes allow us to further expand our business lines deeper into the semi-numismatic, numismatic, and custom products in all materials,” Power says. “We are very excited about introducing our newest abilities to our customers.”
Sunshine Minting is one of the world’s largest suppliers of precious metal products for the minting and bullion industry globally. SMI has been supplying quality products and services to the mint industry — blanks, bullion, and custom minting — for over 30 years. An ISO 9001:2015 Certified Company (certified by DNV), SMI manufactures and supplies fine silver and fine gold products, as well as platinum products, to government and private mints and to prominent, well-known financial institutions and marketing companies worldwide.
