ASSA ABLOY has signed a definitive agreement to acquire Arran Isle, a designer, manufacturer and distributor of door and window hardware in the UK and Ireland. Arran Isle has a varied portfolio of products primarily trading under the brands of Carlisle Brass and Mila.
Mila and Carlisle Brass businesses are complementary to ASSA ABLOY’S existing operations and will enable the company to offer a wider range of door and window hardware 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.
Arran Isle’s US Operations were successfully divested in late 2018 to Patrick Industries, Inc., and the sale of its European businesses completes a journey for Arran Isle’s shareholders that started in June 2013 with an MBO of the Group.
Arran Isle has 560 employees, with the head office in Bradford and operational activity at sites in UK, Ireland, Europe and China.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2021.
