ASSA ABLOY has announced the acquisition of Metal Products Inc. (MPI), a US-based company renowned for producing custom-made hollow metal doors and frames.
This move aligns with ASSA ABLOY's strategy to enhance its market presence by integrating complementary products and solutions into its core business.
Strategic Expansion in the US Market
"I am very pleased to welcome MPI to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," stated Nico Delvaux, President and CEO of ASSA ABLOY.
According to Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, "MPI has built a strong reputation in our industry for trusted, consistent delivery and exceptional customer focus."
He adds, "Their best-in-class lead times for custom metal doors and frames, combined with their strategic footprint in the US, make them a valuable addition to our division. This acquisition enhances our product offering and strengthens our ability to serve customers with speed, reliability, and regional expertise."
Background and Financial Impact
Founded in 1980, MPI employs approximately 170 people and operates its main office and factory out of Corbin, Kentucky. The company reported sales of around $22 million for 2024, showing a strong EBIT margin.
The acquisition is expected to have a positive effect on ASSA ABLOY's earnings per share from the outset.
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