#USA #ASSA ABLOY #Jamestown #hardware #Classic Brass

ASSA ABLOY Acquires Classic Brass to Expand Product Range

In a significant move for the hardware industry, ASSA ABLOY, the global leader in access solutions, has officially acquired Classic Brass Inc, a renowned manufacturer based in the United States. Established in 1996, Classic Brass is recognized for creating high-quality, handcrafted cabinet and door hardware, emphasizing American manufacturing and customization.

Strategic Acquisition to Enhance Market Position

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm about the acquisition by stating, "I am very pleased to welcome Classic Brass 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."

Classic Brass has built a reputation among architects, designers, builders, and homeowners for producing distinctive, made-to-order pieces tailored to individual needs. With approximately 80 employees and an office and factory located in Jamestown, New York, the company’s legacy and artisan heritage align seamlessly with ASSA ABLOY's mission of providing innovative access solutions.

Lucas Boselli, Executive Vice President and Head of the Americas Division, highlighted the unique value Classic Brass brings to the table, saying, "Their deep expertise in creating exceptional pieces resonates strongly with the needs of our clients. We’re excited to incorporate their artisan-crafted offerings into our residential portfolio while continuing to honor their tradition of personalized service."

Financial Outlook and Impacts

The acquisition is expected to positively impact ASSA ABLOY’s financial performance. In 2025, Classic Brass reported sales of approximately $17 million with a healthy EBIT margin, projecting the acquisition to be accretive to earnings per share from the outset. This financial growth potential is crucial as ASSA ABLOY continues to explore opportunities to enhance its market share in key segments.

Future Directions

As part of the Residential Business Segment under the Americas Division, Classic Brass is poised to thrive within the broader ASSA ABLOY portfolio. The integration of Classic Brass is not just about expanding products; it signifies a commitment to preserving craftsmanship and enhancing customer experience. By maintaining the unique identity of Classic Brass, ASSA ABLOY aims to leverage its influence in the residential hardware market further.

With a robust operational foundation and a shared vision for quality, this acquisition sets the stage for exciting developments in the hardware industry. Moving forward, customers and industry professionals can anticipate a range of innovative products that combine the strengths of both companies, ultimately catering to the evolving needs of the market.

About ASSA ABLOY

ASSA ABLOY is renowned globally for its access solutions, committed to helping individuals feel safe and secure. With a workforce of 64,000 and annual sales of SEK 152 billion, the company holds a leading position in various segments including efficient door openings and trusted identities. Through continuous innovation, ASSA ABLOY strives to enable safe access to both physical and digital spaces, enhancing overall user experience in an increasingly interconnected world.

For more information on ASSA ABLOY and its offerings, please reach out to their investor relations team or visit their official website for news updates and further details regarding this landmark acquisition.