By Dominic Chopping

 

STOCKHOLM--Swedish lock maker Assa Abloy AB said Tuesday that it has acquired J Newton Enterprises Inc., a pedestrian door distributor and service company in Florida.

J Newton Enterprises was established in 2003 and has more than 60 employees. Sales for 2021 totaled around $16 million.

The acquisition will be accretive to earnings per share from the start, it said.

Financial terms weren't disclosed.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

August 09, 2022 06:47 ET (10:47 GMT)

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