Assa Abloy: acquisition in metallic materials in US
(CercleFinance.com) - On Monday Assa Abloy announced the acquisition of Premier Steel Doors and Frames (Premier), a US manufacturer of hollow metal doors and frames and aluminum windows for the building industry.
The door opening systems specialist explains that the transaction will enable it to round out its product portfolio, consolidate its presence in the southern US and enhance its expertise in metal materials.
Based in Monroe (Louisiana), Premier was founded in 1964 and employs 90 people, with sales reaching $40m in 2023 with a sound operating margin.
Assa Abloy specifies that the acquisition will be EPS accretive upon completion.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The door opening systems specialist explains that the transaction will enable it to round out its product portfolio, consolidate its presence in the southern US and enhance its expertise in metal materials.
Based in Monroe (Louisiana), Premier was founded in 1964 and employs 90 people, with sales reaching $40m in 2023 with a sound operating margin.
Assa Abloy specifies that the acquisition will be EPS accretive upon completion.
Copyright (c) 2024 CercleFinance.com. All rights reserved.