ASSA ABLOY has announced that it has acquired Lawrence Hardware and Gallery Specialty, providers of commercial hinges, locksets, exit devices and door hardware accessories, in Canada.
Lawrence Hardware was founded in 1876 and Gallery Specialty in 1989, together employing around 50 employees. The main office and factory are located in Toronto, Canada.
“I am very pleased to welcome Lawrence and Gallery,” said Nico Delvaux, President and CEO of ASSA ABLOY.
“This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business.”
“Lawrence and Gallery are well-known, respected brands in Canada,” added Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division.
“This acquisition supports our growth ambitions and commitment to the Canadian market by further strengthening our core business and expanding our product portfolio.”