Chamberlain Group buys gate company
ELMHURST, Ill. - Door and gate company The Chamberlain Group has acquired Automatic Gate Supply, a more than 30-year old company that offers access control systems and gate hardware and operators.
David Rolls, chief executive officer of The Chamberlain Group, said the addition of AGS broadens the companyÃ¢â‚¬â„¢s product offering in the gate market. Rolls noted that AGS has excellent reputation in the market for its durability and quality of products.
Plans call for the former owner of AGS, Ed Court, to remain with the company to assist in the transition.
Elcor picks up former Systems Depot branch
RONKONKOMA, N.Y. - Security product distributor Elcor International has opened a new branch here, just a month after it opened another new location in New Jersey.
The addition brings ElcorÃ¢â‚¬â„¢s branch count to three locations, plus the companyÃ¢â‚¬â„¢s headquarters in Fresh Meadows, N.Y.
According to an Elcor press release, the company opened the branch in a location that once housed a Systems Depot branch that closed earlier this year.
Ã¢â‚¬Å“We recognized the benefits of taking over a branch location which was already servicing the local customers and which was ready for us to move in without us having to make any alterations except putting our name on the door,Ã¢â‚¬Â said Charles Geschwind, president of Elcor.
Tyco shareholders vote down Bermuda move
PEMBROKE, Bermuda - At the annual shareholder meeting for Tyco International, shareholders voted against a resolution requesting the conglomerate incorporate in the United States instead of remaining in Bermuda.
Almost three-quarters of shareholders voted against the resolution, with about 27 percent voting in favor of it.