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Sale of Cardo Flow Solutions Completed by ASSA ABLOY

Sulzer Ltd acquires Cardo Flow

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

All conditions for the sale of Cardo Flow Solutions by ASSAABLOY to Sulzer Ltd, Switzerland, have been fulfilled and the transaction was successfully completed July 29, 2011.

“It is very satisfying that this transaction is now concluded and that Cardo Flow Solutions in Sulzer Ltd gets a long-term owner that gives the company an industrial home and creates opportunities for a continued good development,” said Johan Molin, president and CEO of ASSA ABLOY.

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