Amarr is owned by Entrematic, which is part of ASSA ABLOY Group, a Swedish multinational company that is world's largest lock and entrance systems company. Amarr, founded in 1951 in Winston-Salem, North Carolina, was originally independent garage door manufacturer. In 2013, Amarr was acquired by Entrematic, which was then owned by ASSA ABLOY. Entrematic is division of ASSA ABLOY Entrance Systems, focusing on automatic doors, garage doors, and industrial doors. ASSA ABLOY, headquartered in Stockholm, Sweden, acquired Entrematic and thus Amarr, making Amarr part of global entrance solutions company. ASSA ABLOY also owns other door brands. So Amarr owned by Entrematic, which is owned by ASSA ABLOY, Swedish company traded on Stockholm Stock Exchange, with revenue over 10 billion dollars. Despite ownership by Swedish multinational, Amarr remains headquartered in Winston-Salem, North Carolina, and manufactures garage doors in US plants in North Carolina and other locations, maintaining American manufacturing. So who is Amarr owned by is Entrematic under ASSA ABLOY Group, making Amarr part of large global entrance systems conglomerate while still operating as American garage door brand with US manufacturing and dealer network across North America.
1 votes
Marked as accepted