Norshield Splits from Norment Security
MONTGOMERY, Ala. — Norshield Security Products separated from affiliates Norment Security Group and Fiber Sensys after Norshield leadership engineered a management buy-out from parent company Compudyne.
The deal, which was structured as a stock sale and announced in December, initiated a complete separation of Norshield from CompuDyne and all its affiliated companies. The Norshield management team acquired the company with the backing of Minneapolis private-equity group Spell Capital Partners. Read more