ASSA ABLOY has acquired Metal Products Inc. (MPI), a US manufacturer specialising in custom-made hollow metal doors and frames. The move aligns with ASSA ABLOY's strategy to bolster its portfolio in mature markets by integrating complementary products and solutions.
"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.
MPI's strong reputation
With a solid reputation for reliable and customer-focused service, MPI stands out in the industry
With a solid reputation for reliable and customer-focused service, MPI stands out in the industry.
Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, highlighted, "MPI has built a strong reputation in our industry for trusted, consistent delivery and exceptional customer focus."
He noted that the company's efficient lead times for custom metal doors and frames, alongside its strategic presence in the US, render it a valuable asset to ASSA ABLOY's division. This acquisition aims to expand the company's product offerings, enhancing its capacity to deliver services marked by speed, reliability, and regional expertise.
MPI's operational footprint
MPI, established in 1980, operates from its main office and factory located in Corbin, Kentucky, USA, employing approximately 170 people.
The company's sales for 2024 reached approximately MUSD 22 (around MSEK 230), demonstrating a healthy EBIT margin. The acquisition is expected to be immediately accretive to ASSA ABLOY's earnings per share (EPS).
