Perimeter security manufacturer Integrated Security Systems
Inc. (ISSI) has announced intentions to acquire DoorTek
Corp., an access control and detention security products
manufacturer. The transaction is expected to finalize in
November. Under the deal, DoorTek will retain its name,
facilities and key personnel, and become a wholly owned
subsidiary of ISSI.
“This proposed acquisition is an important opportunity for
the future growth of ISSI,” C.A. Rundell Jr., ISSI chairman
and CEO, said in a statement. “The transaction provides an
opportunity for value creation and would immediately
enhance underlying earnings.”
DoorTek, headquartered in San Antonio, manufacturers
directly marketed access control system products as well as
OEM products for companies like Diebold, Wells Fargo and
Notifier.
