Planar sold for $157M

Beaverton company joins Dave’s Killer Bread, Precision Castparts, Little Big Burger, StanCorp on list of recently-acquired Oregon companies.

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Beaverton-based Planar Systems is joining Dave’s Killer Bread, Precision Castparts, Little Big Burger, StanCorp on the list of recently-acquired Oregon companies.

The digital signage company was bought for $157 million by one of its competitors.

“From a shareholder perspective the board determined this was a good deal for them, 42 percent over our close price yesterday,” said CEO Gerry Perkel. “For the employees and the folks here this fits right in with our strategy to grow our digital signage business.”

By combining forces, the two companies are combining complementary technology and capabilities.

(SOURCE: Portland Business Journal)

Perkel — like the above companies — expects operations to remain in Oregon and that none of his employees will be laid off.

Underlying the activity are a thriving U.S. economy, continued low interest rates that make financing deals inexpensive, and the fact that Oregon businesses are generally small and therefore affordable to other companies or brands looking to extend their market positions.

Planar was one of dozens of Oregon companies that emerged from Tektronix, the grandfather of the state’s electronic display industry. Planar went public in 1993 and became a major manufacturer of computer monitors and electronic displays for industrial and medical equipment.


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