Locks and Security News: your weekly locks and security industry newsletter
20th October 2021 Issue no. 578
Your industry news - first
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ASSA ABLOY to acquire Arran Isle Ltd in the UK
ASSA ABLOY has signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in the UK and Ireland.
Arran Isle has a varied portfolio of products primarily trading under the brands of Carlisle Brass and Mila. Businesses within the Arran Isle group date back as far as 1971, the group provides a market leading service provision to customers.
ASSA ABLOY is an international group with around 48,000 employees and sales close to £8.4 billion. In the UK, ASSA ABLOY is best known for the Yale and UNION brands and has its Head Office and main manufacturing centre in Willenhall.
"Arran Isle Group and their respective businesses bring well-known brands and an operational model that delivers consistent, great service" says Harry Warrender, Market Region Manager and Head of ASSA ABLOY Opening Solutions UK and Ireland. Their portfolio delivers on our strategy to extend the ASSA ABLOY product and service offering for the UK and Ireland and I look forward to welcoming the Arran Isle team to our organisation.
Arran Isle has some 560 employees, the head office is located in Bradford, UK with operational activity at sites in UK, Ireland, Europe and China.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2021.
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29th September 2021