Assa Abloy Acquires Aussie Manufacturer
Pyropanel’s product offering along with Assa Abloy’s
specification strength is expected to create further growth opportunities and
strengthen the company’s position in the commercial segment.
Pyropanel’s sales reached $A19 million in 2006 with a
good EBIT-margin and the acquisition is expected to be EPS accretive from the
date of acquisition. Pyropanel will be consolidated into ASSA ABLOY’s Asia