Loomis to acquire Oregon Armored Service, Inc.
Loomis has agreed to acquire the shares of Oregon Armored Service, Inc. based inPortland,Oregonin theUSAeffective December 31, 2011. Loomis will acquire all of the operations and customers along with hiring the Oregon Armored Service, Inc. employees. The acquired contracts will add yearly revenue of approximately 6 MUSD. “Through this acquisition, we will be able to further strengthen our presence in the State ofOregon. In addition we will also be able to provide enhanced services such as Loomis SafePoint to customers in a market we previously did not service”, says Loomis’ CEO Lars