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Assa Abloy AB Acquires Two Chinese Fire and Security Door Manufacturers - Xinmao and Huasheng

Monday, 14 Oct 2013 02:00am EDT 

Assa Abloy AB announced that the Company has signed agreements to acquire two fire-rated and security door manufacturers, Xinmao and Huasheng. Xinmao and Huasheng are in the Heilongjiang and Shandong provinces in Northeastern and East China respectively. The transactions are subject to regulatory approvals and are expected to close during Q1 2014. Financial details were not disclosed. Xinmao was established in 1995 and has 360 employees. The head office and factory is located in Harbin, Heilongjiang province, Northeastern China. Huasheng was established in 1994 and has 460 employees. The head office and factory is located in Yantai, Shandong province, Eastern China. 

Company Quote

0.6 +0.17%
23 Jul 2014