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Updated: August 19th, 2008 01:08 PM EDT
NAPCO acquires Marks USA
Deal expected to bolster product line, revenuesThe Latest from SIW
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SecurityInfoWatch.com
SecurityInfoWatch.com
NAPCO Security Systems announced Monday that they have acquired Marks USA, a New York-based manufacturer of industrial and commercial locks.
According to a statement issued by NAPCO regarding the acquisition, the company purchased Marks USA and “substantially” all of its assets for $25 million.
The move is expected to help bolster NAPCO’s line of existing door security products and push the combined revenue of the companies’ above $90 million.
