ASSA ABLOY Acquires B&B Roadway and Security Solutions
Texas-based B&B Roadway and Security Solutions is a manufacturer of roadway safety, traffic control and perimeter security solutions.
STOCKHOLM — ASSA ABLOY announces it has acquired B&B Roadway and Security Solutions, a manufacturer of roadway safety, traffic control and perimeter security solutions.
“I am very pleased to welcome B&B Roadway and Security Solutions into the ASSA ABLOY Group. I welcome this complementary business, specializing in innovative perimeter security,” says Nico Delvaux, president and CEO of ASSA ABLOY.
B&B Roadway and Security Solutions was established in 1925 and has some 60 employees. The main office is located in McKinney, Texas.
“B&B Roadway and Security Solutions with its strong market position will further strengthen our geographic coverage in the U.S. I welcome the team to ASSA ABLOY and I am convinced that we together will continue our successful journey,” says Massimo Grassi, executive vice president of ASSA ABLOY and head of Entrance Systems Division.
Sales for 2020 amounted to about $14 million with a good EBIT margin, according to the company. The acquisition will be accretive to EPS from the start.
The deal follows ASSA ABLOY’s notable acquisition of the Hardware and Home Improvement (HHI) division of Spectrum Brands for $4.3 billion in September.
HHI has a varied portfolio of products, including patented SmartKey technology and electronic, smart and biometric locks from brands such as Kwikset, Baldwin, Weiser, Pfister and National Hardware.
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