Harland Completes LibertyAcquisition

Register now

ATLANTA - (06/14/05) -- John H. Harland Co. said it hascompleted its previously announced $160 million acquisition ofLiberty Enterprises Inc., combining two of the nation's leadingcheck printers and credit union service providers. Mounds View,Minn.-based Liberty provides checks, marketing services, educationand e-commerce products to more than 5,000 credit unions. Libertywas founded in 1985 and was privately held, with about 80% of thecompany owned by David Copham and his family, and the remainderowned by employees through an employee stock ownership plan, orESOP.

For reprint and licensing requests for this article, click here.