Loomis Armored Car Company Acquiring Oregon Armored Service www.privateofficer.com
Portland ORE Dec 29 2011 A Swedish armored car company will acquire Oregon Armored Service, Inc. for $5.7 million in a deal announced today.
Loomis plans to retain all of the Portland-based company’s employees and contracts, worth about $6 million, chief executive Lars Blecko said in a written statement.
Both companies handle and transport cash for banks and other institutions. The sale will take effect Saturday.
Oregon Armored Service has a 26-year history in the state, and offices in Portland, Salem, Eugene and Medford. Loomis will fold the company into its U.S. division, which already has locations in Portland and Roseburg.