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O-PEE-CHEE NOT KEEN ON SPORTS CARDS ANYMORE
Published November 28, 1994
After 50 years, O-Pee-Chee Co. Ltd. is "folding its hand as Canada's major sports card company." Instead, the firm will "concentrate on its core business" -- gum and other confectionaries. O-Pee-Chee officials would not comment on the reasons for the move, "and the company doesn't release sales figures." The company made hickey and baseball cards through an agreement with Topps Co. Topps, which holds the licenses, will now deal directly in Canada. O-Pee-Chee was hurt by an NHLPA decision to limit licensees such as Topps to two sets. "The North American sports card industry is recovering from a near collapse in the early nineties caused partly by an oversupply of cards, which deflated their value" (CANADIAN PRESS, 11/25).