15 Sep 1999
ASSA ABLOY acquires Danish wholesaler
Ruko acquires the majority of the shares by next
summer, year 2000, and the remaining part can be purchased to a
fixed price in year 2003. Poul Sloth, President of Sloth & Co,
remains as President for the company whilst Carl Trock, President
of A/S Ruko, will assume responsibility as Chairman of the Board.
Sloth & Co. was founded in 1921 by the current owner's
grandfather. The company has 25 employees and estimated sales in
1999 of M 100 DKK.
For further
information, please contact
Carl-Henric Svanberg,
President & CEO, tel: +46-8-698 8552 alt. +46-7-510 0551,
or Göran
Jansson, CFO, tel. +46-8-698 8572 alt. +46-70-698 8572
ASSA ABLOY AB
(publ)
P.O. Box 70340, S-107
23 Stockholm
Tel: Int+46-8-698 85
70, Fax: Int +46-8-698 85 85
Visiting address:
Klarabergsviadukten 90
___________
The
ASSA ABLOY Group is the world's leading manufacturer and supplier
of locks and associated products,
dedicated to satisfying end-user needs for security,
safety and convenience. In 1999 the Group will report
sales exceeding SEK 10 billion and has about 12 000
employees.
Back