STOCKHOLM, SWEDEN -- 06/25/08 --
ASSA ABLOY has acquired Rockwood Manufacturing Company, a leading US
producer of standard and custom decorative and speciality door
hardware.
Rockwood Manufacturing Company is a family owned business established
in 1946 and headquartered in Rockwood, Pennsylvania. The company has
approximately 150 employees.
"I am very pleased that Rockwood is joining the ASSA ABLOY Group and
with the addition we take another important step in our strategy to
provide total door solutions on the American non-residential market"
says Johan Molin, President and CEO of ASSA ABLOY.
"Rockwood is an exciting addition to the ASSA ABLOY family with
excellent management and a well deserved reputation for quality and
innovation." says Thanasis Molokotos, Head of the Americas Division
and Executive Vice President of ASSA ABLOY.
Sales is expected to reach USD 48 M in 2008 and the acquisition is
expected to be EPS accretive from the date of the acquisition.
For more information, please contact:
Johan Molin, President and CEO,
tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President,
tel no: +46 8 506 485 72
Press Release (PDF): http://hugin.info/1014/R/1230913/261533.pdf
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