ASSA ABLOY announced that it acquired J Newton Enterprises Inc., a Florida-based pedestrian door distributor and service company.
“I am very pleased to welcome J Newton Enterprises into the ASSA ABLOY group,” says Nico Delvaux, president and CEO of ASSA ABLOY. “This acquisition delivers on our strategy to reinforce our current offering within entrance automation.”
J Newton Enterprises was established in 2003 and has more than 60 employees. The company is headquartered in Inverness, Fla. Sales for 2021 totaled around $16 million.
“J Newton Enterprises is a key player in the Florida market, strengthening our existing pedestrian business and our service offering in that region, enabling us to provide an even better customer experience,” says Massimo Grassi, executive vice president of ASSA ABLOY and head of entrance systems division.
Financial terms were not disclosed.