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Assa Abloy AB Acquires Amarr in United States


Thursday, 7 Nov 2013 02:30am EST 

Assa Abloy AB announced that it has signed an agreement to acquire Amarr, the company in the North American sectional door market. The company was founded in 1951 and is based in Winston-Salem, North Carolina with operations in United States, Canada and Mexico. The company has 1,200 employees. Sales for 2014 are expected to reach USD 330 million (SEK 2,100 million). The acquisition will be accretive to EPS from start. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2013. 

Company Quote

385.0
-2.5 -0.65%
10:26am EDT