Assa Abloy has acquired Classic Brass Inc, an American manufacturer of premium cabinet and door hardware. The financial details of the acquisition have not been disclosed. Classic Brass, founded in 1996, has around 80 employees and is based in Jamestown, New York. The acquisition will be accretive to earnings per share from the start, and Classic Brass will become part of the Residential Business Segment within the Americas Division.
ASSA ABLOY AB ser. BAssa Abloy acquires Classic Brass, an accretive acquisition that will boost earnings per share from the start.