By Dominic Chopping
STOCKHOLM–Assa Abloy said Tuesday it has acquired Leone Fence, a Canadian manufacturer, distributor and installer of fencing products for commercial and residential applications.
Leone Fence was founded in 1975 and has some 60 employees. Its main office and factory are located in Ontario, Canada.
Sales for 2022 amounted to about 39 million Canadian dollars ($28.8 million) and the acquisition will be accretive to EPS from the start, it said.
Financial terms weren’t disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
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