ASSA ABLOY to acquire Arran Isle.

ASSA ABLOY, a firm that develops, designs, and manufactures a complete range of door opening solutions, agreed to acquire Arran Isle, a designer, manufacturer and distributor of door and window hardware. Financial terms were not disclosed. "Arran Isle is an excellent addition to our business and in particular EMEIA's UK and Ireland market region. The acquisition brings well-known architectural and fenestration hardware brands to our portfolio. Arran Isle have built a reputation developing innovative products and a market leading approach to customer service with a passionate and experienced team," Neil Vann, ASSA ABLOY Executive Vice President and Head of EMEIA Division.