ASSA ABLOY acquired Exidor from Chaberlin for £10m.

ASSA ABLOY, a Swedish lock manufacturer, acquired Exidor, a UK based architectural ironmongery company, from Chaberlin, a iron foundries company, for £10m. Chairman of Chamberlin, Keith Butler-Wheelhouse, commenting on the transaction said: "This transaction will enable Chamberlin plc to restructure its balance sheet and will provide additional working capital. We can look forward to the further development of our core operations with greater certainty and with considerable optimism. We believe that ASSA ABLOY, who are well positioned to support the ongoing growth and development of the business, represents the ideal owner for Exidor."