ASSA ABLOY Acquires Leone Fence (Canada)

December 5, 2023

ASSA ABLOY has acquired Leone Fence, a Canadian manufacturer, distributor and installer of fencing products, strengthening ASSA ABLOY's perimeter security offering in Canada. Leone Fence, founded in 1975 with about 60 employees and headquarters in Ontario, reported CAD 39 million in 2022 sales; the acquisition is expected to be accretive to ASSA ABLOY's EPS from the start.

Buyers
ASSA ABLOY
Targets
Leone Fence
Location
Ontario, Canada
Transaction Type
Buyout

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