businesspress24.com - ASSA ABLOY's acquisition of Pan Pan finalized
 

ASSA ABLOY's acquisition of Pan Pan finalized

ID: 1012026

(Thomson Reuters ONE) -


ASSA ABLOY has received all necessary regulatory clearances in China to acquire
Pan Pan. The company will be consolidated from January 1 2010.

Pan Pan was established in 1982, is headquartered in Yingkou, north of Beijing
and manufactures in six locations in China.

Pan Pan has an annual capacity to produce 2.4 million high security doors in the
form of fire, anti theft, armored, corrosion proof and standard high security
doors.The company has an extensive well established distribution network across
China and complements well ASSA ABLOY's other door companies on the Chinese
market.


For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72


[HUG#1397956]





Press release (PDF): http://hugin.info/1014/R/1397956/353722.pdf







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Bereitgestellt von Benutzer: hugin
Datum: 26.03.2010 - 03:03 Uhr
Sprache: Deutsch
News-ID 1012026
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"ASSA ABLOY's acquisition of Pan Pan finalized
"
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