American Pacific Mint Plans Move to Dallas

American Pacific Mint Inc., a precious-metals trader and jewelry retailer, said it plans to move its headquarters from Woodland Hills to Dallas this year and will seek shareholder approval to change its name to Dallas Gold & Silver Exchange Inc.

The announcement came as the company reported record results for its Dallas Gold & Silver Exchange subsidiary, which saw gross profits jump 19% in the fiscal year that ended in December. The company said it plans to expand its Texas operations this year, possibly opening one of its so-called Jewelry Superstores in Houston, Austin or Ft. Worth.

The company said it expects to finance the expansion from internally generated cash flow.