#USA #Acquisition #ASSA ABLOY #Corbin #MPI

ASSA ABLOY Acquires Metal Products Inc.

ASSA ABLOY, the global leader in access solutions, has recently announced its acquisition of Metal Products Inc. (MPI), a well-regarded American manufacturer of custom hollow metal doors and frames. This strategic acquisition is part of ASSA ABLOY's ongoing efforts to enhance its marketplace standing by integrating complementary products into its core offerings.

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm regarding the addition of MPI to the company, stating, "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."

MPI was established in 1980 and has distinguished itself in the industry with its reliable delivery and an impressive commitment to customer service.

According to Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, MPI’s capability of providing best-in-class lead times for custom metal doors and frames, paired with their strategic operations base in the United States, significantly contributes to making this acquisition beneficial. He stated, “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 addition is expected to enhance ASSA ABLOY's product offerings, better serving customers with efficiency, reliability, and local expertise.

The company has approximately 170 employees and operates primarily out of its facility in Corbin, Kentucky. In terms of financials, MPI reported sales amounting to about $22 million in 2024, demonstrating solid earnings before interest and taxes (EBIT) margins. Furthermore, this acquisition is projected to positively affect ASSA ABLOY's earnings per share (EPS) from the get-go.

ASSA ABLOY continues to lead innovations in access solutions, connecting people with safe and secure experiences daily. With a workforce of 63,000 employees and a revenue stream of SEK 150 billion, the company serves diverse markets by ensuring effective door openings, trusted identities, and entrance automation. Through these progressive strategies, ASSA ABLOY enhances safe, secure, and convenient access to physical and digital spaces.

This acquisition not only represents ASSA ABLOY's ambition to expand its operational scope in North American markets but also a commitment to elevating the standards of quality and service in the industry. By leveraging MPI's established market reputation and operational efficiencies, ASSA ABLOY is poised for significant growth and innovation in the access solutions market.

For additional information about this acquisition or other inquiries, the following contacts have been made available:

• - Nico Delvaux, President and CEO, Phone: +46 8 506 485 82
• - Erik Pieder, CFO and Executive Vice President, Phone: +46 8 506 485 72
• - Björn Tibell, Head of Investor Relations, Phone: +46 70 275 67 68

As ASSA ABLOY forges ahead post-acquisition, the industry is keenly observing how this move will reshape competitive dynamics within the market, emphasizing product diversity and customer-centric strategies.

In conclusion, the acquisition of Metal Products Inc. is a promising step forward for ASSA ABLOY, enabling them to not only bolster their product portfolio but also enhance their service offerings, which ultimately leads to a greater capacity to meet evolving customer needs in varying markets across North America.