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.


Write to Dominic Chopping at


(END) Dow Jones Newswires

August 09, 2022 06:47 ET (10:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.