ASSA ABLOY has acquired B&B Roadway and Security Solutions, a manufacturer of roadway safety, traffic control and perimeter security solutions in the U.S.
B&B Roadway and Security Solutions was established in 1925 and has some 60 employees. The main office is located in McKinney, Texas. Sales for 2020 amounted to about $14 million with a good EBIT margin.
“I am very pleased to welcome B&B Roadway and Security Solutions into the ASSA ABLOY Group. I welcome this complementary business, specializing in innovative perimeter security,” said Nico Delvaux, President and CEO of ASSA ABLOY.
“B&B Roadway and Security Solutions with its strong market position will further strengthen our geographic coverage in the U.S. I welcome the team to ASSA ABLOY and I am convinced that together we will continue our successful journey,” says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division.