Checkpoint Systems, Inc. completes acquisition of 2M Security Systems ApS of Denmark.THOROFARE, N.J.--(BUSINESS WIRE)--February 4, 1997--Checkpoint Systems, Inc. (NYSE NYSE See: New York Stock Exchange :CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ) today announced that it acquired 2M Security ApS on January 31, 1997. 2M Security System ApS has been Checkpoint's exclusive distributor for retail security products throughout Denmark since 1992. This acquisition supports Checkpoint's strategy to be a direct sales competitor in major markets worldwide. In Scandinavia, Checkpoint has experienced significant growth, and maintains more than 50% of the electronic article surveillance See EAS. (EAS (Electronic Article Surveillance) A security system for preventing theft in retail stores that uses disposable label tags or reusable hard tags attached to the merchandise. ) market in Norway and Finland. Checkpoint now has a direct presence in 12 countries throughout Europe, with a total of 18 countries worldwide. Checkpoint Systems, Inc., located in Thorofare, New Jersey Thorofare is an unincorporated area within West Deptford Township in Gloucester County, New Jersey, United States. The area is served as United States Postal Service ZIP Code 08086. , is a leading provider of integrated security solutions for retailers worldwide. The company is also the leading provider of radio frequency source tagging, which allows its paper-thin RF tags to be embedded into products or product packaging. CONTACT: Steven Gaynes MALLORY FACTOR INC. 212/350-0000 or Jeffrey Reinhold CHECKPOINT SYSTEMS, INC. 800/257-5540 x2457 |
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