March 31, 2006—ASSA ABLOY has received regulatory clearance in the US to acquire Adams Rite Manufacturing Co. in accordance with the agreement signed in February 2006. The acquisition is now complete.
Adams Rite designs and manufactures mechanical and electrical security products. The company has a strong brand and product offering in the aluminum door channels that are complementary to ASSA ABLOY.
ASSA ABLOY is the world’s leading manufacturer and supplier of locking solutions, meeting tough end-user demands for safety, security and user friendliness. The Group has some 30,000 employees and annual sales of about EUR 3 billion. For more on the company, visit its Web site.
