For Immediate Release
August 27, 2008
Napco Security Group
333 Bayview Avenue
Amityville, NY 11701
Napco Security Systems, Inc. Acquires Marks USA, The Largest Independent Manufacturer of Grade 1 Industrial & Commercial Locksets
NAPCO Security Systems, Inc. (Nasdaq: NSSC) announces the acquisition of Marks USA. With this purchase, The NAPCO Group expands its door technology offerings to include new lines of industrial and commercial locksets that meet and exceed the most stringent UL and ANSI specifications for long life. Over 300 architectural trim designs plus customized logo and matching trims are available with the widest range of locking functions in the industry.
We are excited to build upon our strong reputation as a respected leader in door safety devices and provide security specifiers and consultants, architects, contract hardware specialty companies and locksmiths with more locking choices than any other manufacturer. The wide range of Marks USA products including mortise, cylindrical, tubular and custom locksets offer customers long lasting Grade 1 BHMA certified locks that are engineered to excel in high traffic areas. Marks USA custom designed locksets and hardware have been installed in a variety of worldwide projects including, all U.S. Senate doors, The Whitehouse (Washington D.C.), The Getty Museum (Los Angeles), Bellevue Hospital, Memorial Sloan-Kettering Cancer Center (New York City), The Ritz Carlton (Baltimore), Trump Grande Hotel (Sunny Isles), Gramercy Park Hotel, Plaza Hotel, Stanhope Hotel, Barbizon Hotel (New York City), Mandalay Bay Hotel, New York New York Hotel & Casino, Mirage Hotel (Las Vegas) to name a few.
The addition of Marks USA’s Grade 1 BHMA high performance locksets into the NAPCO family broadens our market reach and provides superior locking capabilities to commercial, industrial, educational, government and healthcare facilities throughout the world. Whether it’s Mortise, Cylindrical, Electrified, Tubular, Deadbolts/Deadlatches, Ornamental Iron/Security Storm Door, Electronic Access Control Locks, Custom Design and Logo Locksets, Mark’s one stop shop will make it easier to choose from a variety of cutting-edge door locking solutions.
George Marks will remain President of Marks USA, which will operate as a subsidiary of NAPCO Security Systems, Inc.
About NAPCO Security Systems, Inc.
NAPCO Security Systems, Inc. is one of the world’s leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control systems and electronic locking devices. The company’s products, including those of Alarm Lock and Continental Access, feature some of the most popular best-selling control panels, sensors, locking devices and access control products. They are used in residential, commercial, institutional, industrial and government applications. Our products have earned a reputation for technical excellence, reliability and innovation, poising the company for revenue growth in the rapidly expanding electronic security market.
About Marks USA
Marks USA, established in 1977, has grown from a small lock manufacturer servicing the locksmith industry to a major supplier in the contract hardware market. The company has since developed Grade 1 mortise, cylindrical and tubular lockset product line under the Marks USA label as well as other OEM brands. In addition, we have developed custom locksets featuring a choice of over 300 lever and knob designs and custom escutcheons in brass and stainless steel. Marks USA maintains in-house manufacturing capability for mortise, cylindrical and tubular locks allowing our products to be supplied in a large variety of designs and functions. Custom trim with engraving, conventional/high-security keying systems and electronic access control are all offered for commercial and industrial projects. The collaboration between NAPCO and Marks working together will bring us both to new heights and will strengthen our ability to support our growing network of customers with expanded sales, manufacturing and customer service.
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