ASSA ABLOY Acquires Lawrence Hardware and Gallery Specialty
September 7, 2023
ASSA ABLOY has acquired Canadian commercial-hardware providers Lawrence Hardware and Gallery Specialty, adding complementary hinges, locksets, exit devices and door-hardware accessories to its product portfolio. The two Toronto-based businesses employ about 50 people combined and reported ~CAD 25 million in 2022 sales; ASSA ABLOY said the acquisition is accretive to EPS from the start.
- Buyers
- ASSA ABLOY
- Targets
- Lawrence Hardware, Gallery Specialty
- Industry
- Building Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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