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Assa Abloy Buys Glass Hardware Brand Olimpia Hardware

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.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

October 02, 2020 03:15 ET (07:15 GMT)

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