#USA #Southfield #ASSA ABLOY #International Door Products #Fire-Rated Doors

ASSA ABLOY Acquires International Door Products in the US

ASSA ABLOY, the global leader in access solutions, has made a significant move in the North American market by acquiring International Door Products (IDP), a company known for its expertise in manufacturing both standard and custom fire-rated steel door frames. This acquisition aligns perfectly with ASSA ABLOY's strategy aimed at strengthening its market position through complementary products and solutions.

Strategic Advantage in Mature Markets

Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm over the acquisition, stating, "I am very pleased to welcome IDP 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." This sentiment highlights the company's clear goal of enhancing its portfolio within established markets, where IDP's offerings will play a pivotal role.

Elevating Customer Solutions

Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, also commented on the acquisition, indicating the new opportunities it creates. "This acquisition marks an exciting milestone for ASSA ABLOY Opening Solutions Americas as we welcome International Door Products Inc. into our family," he said. He further noted that IDP's premium product line and quick delivery capabilities complement ASSA ABLOY's existing solutions, ensuring they can meet the dynamic demands of the construction sector with efficiency.

IDP: A Legacy of Quality

Established in 1977, International Door Products is headquartered in Southfield, Michigan. The firm boasts a workforce of around 80 dedicated employees, all committed to providing high-quality products. In 2024, IDP reported sales of approximately $29 million, demonstrating a solid EBIT margin, which underscores its financial stability and potential for growth. With this acquisition, ASSA ABLOY aims to leverage IDP’s established reputation and robust product offerings to enhance their market presence.

Financial Considerations and Future Outlook

The move is expected to have a positive impact on ASSA ABLOY's earnings per share (EPS) immediately as IDP's operations are integrated into their business model. By acquiring IDP, ASSA ABLOY not only expands its product range but also its capabilities in the rapidly evolving construction landscape, paving the way for future innovations and customer service improvements.

Conclusion

As ASSA ABLOY integrates International Door Products into its operations, customers can look forward to an expanded range of solutions that merge quality and innovation. This acquisition stands as a testament to ASSA ABLOY's continued commitment to providing safe and secure access solutions across various markets. As the company moves forward, its focus on integrating IDP’s strengths will likely yield significant benefits in both customer satisfaction and market leadership.

For more detailed insights or inquiries regarding the acquisition, feel free to reach out to the executives listed in the press release or visit the ASSA ABLOY website for more information.