ASSA ABLOY Acquires CaldwellJune 22nd, 2022 by Editor
ASSA ABLOY, a Swedish conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation has announced that the company has acquired Caldwell, a manufacturer of fenestration hardware for window manufacturers.
“I am very pleased to welcome Caldwell into the ASSA ABLOY Group. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, president and CEO of ASSA ABLOY.
Caldwell was established in 1888 and has 800 employees.
“Caldwell is an excellent addition to the Pacific & North East Asia Division and provides complementary growth opportunities. The acquisition will strengthen our position with fenestration manufacturers and I look forward to working with the experienced team to continue Caldwell’s successful journey,” says Simon Ellis, executive vice president and head of Asia Pacific ASSA ABLOY opening solutions Pacific & North East Asia.