NAPCO DIVERSIFIES, BUYS CONTINENTAL INSTRUMENTS
Napco Security Systems Inc. has acquired Continental Instruments LLC, a privately held company located in Edgewood, N.Y. Continental develops and markets access control and security management systems and products to the commercial and industrial marketplaces. Yearly revenue exceeds $5 million and it is anticipated that the acquisition will be accretive to Napco’s per share results. Specific terms of the agreement were not disclosed.
Richard Soloway, Napco president and CEO, says, “This acquisition underscores Napco’s commitment to its customers and shareholders by offering enhanced growth opportunities through new product introductions and strategic acquisitions. We believe that Napco and its employees, customers and shareholders will benefit from the increased research and development and diversification into new markets that Continental offers us.” Napco is a global manufacturer of electronic security equipment, including burglary and fire alarm systems, access control products, and security hardware.
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