B&B Electromatic and ARMR Services Announce Merger
Integrated Security Systems Inc. (ISSI), a developer of safety equipment and security software, announces the merger of B&B Electromatic Inc., a provider of safety traffic control systems and security gates, and ARMR Services Corp. (ARMR), a supplier of high security crash-rated barriers and parking control equipment, into one entity. B&B and ARMR are both subsidiaries of ISSI. The new company will operate under the name B&B ARMR Corp.
The terms of the merger consist largely of the common stock of ISSI for the families of Paul Roland and Scott Rosenbloom, the principals of ARMR.
Paul Roland, ARMR president and now president and COO of B&B ARMR, says, “The new organization will give us the opportunity to leverage the wide array of marketing, engineering and industry expertise so we may further enhance our market position.”
According to the company, the collaborative effort will combine a vast range of products and solutions, enabling B&B ARMR to provide its customers with best of breed solutions for access and perimeter protection. C.A. Rundell, Jr., Chairman and CEO, Integrated Security Systems Inc., said, “This represents tremendous opportunity for exciting growth. It will take several quarters for us to see our financial results reflect our full potential while we integrate and build the platform for growth.”
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