Assa Abloy Acquires US Door Distributor J Newton Enterprises.
MANews-(C)2009-2022
Sweden-based access solutions company Assa Abloy has acquired Florida, US-based pedestrian door distributor and service company J Newton Enterprises Inc, the company said.
This acquisition delivers on our strategy to reinforce our current offering within entrance automation," says Nico Delvaux, president and CEO of Assa Abloy.
J Newton Enterprises was established in 2003 and has more than 60 employees. The company is headquartered in Inverness, Florida.
Sales for 2021 amounted to about USD 16m (approx. SEK 150m) with a good EBIT margin. The...
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