Assa Abloy Buys US Door Distributor
By Dominic Chopping
STOCKHOLM--Swedish lock maker Assa Abloy AB said Tuesday that it
has acquired J Newton Enterprises Inc., a pedestrian door
distributor and service company in Florida.
J Newton Enterprises was established in 2003 and has more than
60 employees. Sales for 2021 totaled around $16 million.
The acquisition will be accretive to earnings per share from the
start, it said.
Financial terms weren't disclosed.
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(END) Dow Jones Newswires
August 09, 2022 06:47 ET (10:47 GMT)
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