India, July 24 -- Assa Abloy AB (ASS.L), a manufacturer of access products, Friday announced that it has acquired Classic Brass Inc, an American manufacturer of premium cabinet and door hardware.
The financial details of the acquisition have not been divulged.
"I am very pleased to welcome Classic Brass to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.
The company added that the acquisition will be accretive to EPS from the start.
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Classic Brass was founded in 1996 and has arou...