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INDUSTRIAL | Construction / General Building Materials
papaiz.com.br

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Stage

Acquired | Acquired

About Papaiz

Papaiz, established in 1952, is a lock manufacturer in Brazil. The company's products include: Cam locks, Mortise locks, hinges, parasols, insect screens and aluminum accessories and components.

Papaiz Headquarter Location

Praca General Labatut, 1

Salvador, 41290-560,

Brazil

800-701-4443

Latest Papaiz News

ASSA ABLOY acquires Papaiz and Udinese in Brazil

Dec 29, 2015

ASSA ABLOY acquires Papaiz and Udinese in Brazil December 29, 2015 02:00 ET | Source: ASSA ABLOY AB ASSA ABLOY has signed agreements to acquire Papaiz, a leading lock company andUdinese, a leading manufacturer of hardware for sliding doors and windows inBrazil. The acquisitions will significantly increase the Group’s footprint inBrazil. "I am very pleased that Papaiz and Udinese are joining the ASSA ABLOY Group.Papaiz and Udinese represent for the Group two major acquisitions in theBrazilian market. This constitutes an important next step in our strategy togrow market leadership in emerging markets”, says Johan Molin, President and CEOof ASSA ABLOY. "We welcome to ASSA ABLOY Papaiz, the most well-known Brazilian lock brand andUdinese, the leading window hardware producer in the Brazilian market. Theseacquisitions will significantly increase our product range in Brazil”, saysThanasis Molokotos, Executive Vice President of ASSA ABLOY and Head of theAmericas Division.Papaiz, established in 1952, is located in Salvador, in northeastern Brazil.Udinese, established in 1966, is located in Diadema, near Sao Paulo. Togetherthey add approximately 1,300 employees.Combined sales are expected to reach BRL 200 M (approx SEK 450 M) in 2016. Theacquisitions will be accretive to EPS from start.The transactions are expected to close during Q4 2015.For more information, please contact:Johan Molin, President and CEO, tel. no: +46 8 506 485 42Carolina Dybeck Happe, CFO and Executive Vice President, tel. no: +46 8 506 48572About ASSA ABLOYASSA ABLOY is the global leader in door opening solutions, dedicated tosatisfying end-user needs for security, safety and convenience. Since itsformation in 1994, ASSA ABLOY has grown from a regional company into aninternational group with about 44,000 employees, operations in more than 70countries and sales close to SEK 57 billion. In the fast-growingelectromechanical security segment, the Group has a leading position in areassuch as access control, identification technology, entrance automation and hotelsecurity. Related Articles

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Papaiz Patents

Papaiz has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/18/2011

3/10/2015

Punjabi dialects, Sailing rigs and rigging, Couplers, Locks (security device), Nautical terminology

Grant

Application Date

11/18/2011

Grant Date

3/10/2015

Title

Related Topics

Punjabi dialects, Sailing rigs and rigging, Couplers, Locks (security device), Nautical terminology

Status

Grant

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