By Dominic Chopping
STOCKHOLM--Sweden's Assa Abloy AB said Friday that it has acquired Olimpia Hardware, a glass hardware and accessories brand in Latin America and the Caribbean.
The lock maker didn't disclose a purchase price but said the acquisition will be accretive to earnings from the start.
Olimpia has sales of about $13 million in 2019 and Assa Abloy said it will continue to sell Olimpia-branded products across the region.
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(END) Dow Jones Newswires
October 02, 2020 03:15 ET (07:15 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.