Leyard Optoelectronic Co. Ltd. of Beijing, China, is buying LCD sign display maker Planar Systems Inc. (Nasdaq: PLNR) for $156.8 million, to expand into the U.S. market.

Beaverton, Oregon-based Planar, founded in 1983, makes LCD signs for retailers, government agencies and energy firms. Some of Planar‘s previous clients include Baker Hughes Inc. (NYSE: BHI), Arizona State University and the NBA’s Portland Trail Blazers.

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