ASSA ABLOY acquires fenestration hardware manufacturer
ASSA ABLOY announced it 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,” said Nico Delvaux, president and CEO of ASSA ABLOY, in a statement.
“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,” added Simon Ellis, executive vice-president and head of Asia Pacific ASSA ABLOY Opening Solutions Pacific & North East Asia.
Caldwell was established in 1888 and has some 800 employees.