ASSA ABLOY acquires two leading Chinese fire and security door manufacturers - Xinmao and Huasheng

ASSA ABLOY has signed agreements to acquire two leading fire-rated and security door manufacturers, Xinmao and Huasheng. Xinmao and Huasheng are in the Heilongjiang and Shandong provinces in Northeastern and East China respectively. "I am very pleased that Xinmao and Huasheng are joining the ASSA ABLOY Group. The acquisitions of Xinmao and Huasheng represent another important step in our strategy to grow market presence in China and other emerging markets”, says Johan Molin, President and CEO of ASSA ABLOY. "Xinmao and Huasheng are great additions to the ASSA ABLOY Asia Pacific