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Strengthens company’s offerings in Brazil.
January 4, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY has signed agreements to acquire Papaiz, a leading lock company and Udinese, a leading manufacturer of hardware for sliding doors and windows in Brazil. The acquisitions will significantly increase the Group’s footprint in Brazil. “Papaiz and Udinese represent for the Group two major acquisitions in the Brazilian market. This constitutes an important next step in our strategy to grow market leadership in emerging markets,” said Johan Molin, president and CEO of ASSA ABLOY. “We w...
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