Loomis acquires 1st Armored, Inc. CIT operations in US

Loomis Armored US, Inc., fully owned subsidiary of Loomis AB, has agreed to acquire the assets and customers contracts from 1st Armored, Inc. based in Michigan and a fully owned subsidiary of Firstbank Corporation. Loomis will acquire the customer contracts for customers based in Michigan along with taking on the 1st Armored employees. The acquired contracts will add a yearly sale of approximately $1,000,000 USD. “Through this acquisition, we will be able to further enhance our presence in the northern part of our Michigan market service area with our existing customer base while also being able to provide enhanced services such as SafePoint to customers in markets we previously did not service”, says Loomis’ CEO Lars Blecko. The acquired business will be consolidated in Loomis as of April 1st 2010 and will be integrated in Loomis' US subsidiary.