Arran Isle has signed a definitive agreement to sell the Group to ASSA ABLOY Limited. The transaction is subject to regulatory approval in the UK and Ireland, and customary closing conditions. The deal is expected to complete around the turn of the year.
Arran Isle’s Mila and Carlisle Brass businesses are highly complementary to ASSA ABLOY’S existing operations and will enable them to offer a wider range to manufacturers and other customers. Carlisle Brass and Mila will continue to trade from existing locations, with no changes in the foreseeable future to management teams or operational activities. Mila’s Maintenance business unit, based in Barnsley will become part of ASSA ABLOY’S commercial construction and maintenance sector.
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