Nordic Business Report-February 1, 2007-ASSA ABLOY acquires US door components maker Pemko Manufacturing Company (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish locking solutions provider ASSA ABLOY said on Thursday (1 February) that it has acquired US door components manufacturer Pemko Manufacturing Company for an undisclosed sum. Pemko Manufacturing Company, a privately-owned company based in Ventura, California, designs and manufactures door components for sealing doors. The company has some 330 employees and achieved sales of approximately USD55m in 2006. "The acquisition of Pemko brings into ASSA ABLOY a well recognised and highly respected producer of door components. The Pemko product line is complementary to our existing product offerings and distribution channels," commented Thanasis Molokotos, head of ASSA ABLOYs Americas division. ASSA ABLOY, headquartered in Stockholm, Sweden, is a leading manufacturer of locking solutions. The group has 30,000 employees and annual sales of SEK27.80bn. ASSA ABLOY is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.97 US dollars (USD). One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))