Freshfields Guides Assa Abloy In $130M Door Maker Buy

Law360, New York (October 28, 2011, 1:42 PM EDT) -- Lockmaker Assa Abloy AB has reached an agreement to buy high-speed industrial door maker Albany Door Systems from Albany International Corp. for $130 million, Assa Abloy announced Friday.

Assa Abloy, based in Stockholm, said it expected Albany Door to add to its stock value immediately and contribute to the company's strong growth.

"Albany Door Systems is another strategic step and a perfect fit to our expansion into entrance automation,” Assa Abloy President and CEO Johan Molin said. “I welcome this addition that further reinforces the Assa...
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