ATLANTA - John H. Harland Co., a leading check printer, said it had signed a definitive agreement to purchase the assets of rival Rocky Mountain Bank Note Co. The price was not disclosed.
Harland said the acquisition would strengthen its presence in the West. The agreement is subject to completion of due diligence and to regulatory approval. The sale is expected to close by Jan. 1.
Rocky Mountain Bank Note, based in Lakewood, Colo., is owned by the privately held Romo Corp. and estimates its 1992 revenue at $80 million. Atlanta-based Harland reported net sales of $331.4 million and net income of $43.1 million for the nine months ended Sept. 30, 1992.