11 December 2007
Powershield Doors has been acquired by ASSA ABLOY, as and from 1 December 2007.
ASSA ABLOY is the global leader in door-opening solutions. The Group has 150 companies worldwide, with 30,000 employees. ASSA ABLOY UK includes famous brands such as Yale, Chubb and UNION.
The new partnership signals an exciting new phase in Powershield's growth and brings enormous opportunity for offering new product ranges and door packages for both existing and new customers. Graham Crymble, Managing Director of Powershield Doors, comments, "We are excited about working with the ASSA ABLOY team and tapping into their knowledge of new markets, and are looking forward to using the worldwide expertise of the group to allow us to develop new products to supply the growing needs of our customers".
Tzachi Wiesenfeld, Executive Vice President of the ASSA ABLOY Group says: "Powershield is an exciting addition to the Assa group. Through this acquisition, the EMEA (Europe, Middle East and Africa) division reinforces its position as the leader in door-opening solutions. Powershield adds to our specification strength, as it would allow us to offer a complete product range, including locks, hardware, electromechanics and high-security doors".
Customer contacts within the company remain the same. The entire personnel are retained and business trades as normal. May we take this opportunity to thank our suppliers and customers for their ongoing support and look forward to continued business together.
