Ballantyne of Omaha (AMEX:BTN) Acquires Leading Cinema Screen Manufacturer, Marcel Desrochers Inc. (MDI)
Ballantyne of Omaha, Inc. (Amex: BTN), a leading motion picture projection, digital cinema and lighting equipment provider, announced that it has completed the purchase of privately-held Marcel Desrochers, Inc. (MDI). Marcel Desrochers is a respected manufacturer of cinema projection screens, and has been purchased for $3.4 million in cash. MDI is a leader in projection screen manufacturing, and expects 2007 revenue to approach Cdn. $4 million. Like Ballantyne, MDI has an excellent reputation for quality products and service, strong customer relationships, and boasts an experienced technical staff. Because of MDI's wide range of products, this will expand the already vast…