ASSA ABLOY Strengthens Market Position with Acquisition of Premier Steel Doors

ASSA ABLOY Acquires Premier Steel Doors and Frames

In a strategic move to expand its influence in the metal doors and frames sector, ASSA ABLOY has announced the acquisition of Premier Steel Doors and Frames. This US-based company, known for its high-quality hollow metal door systems and aluminum windows, brings not only an established reputation but also a robust operational base in Monroe, Louisiana.

Founded in 1964, Premier has built a commendable presence in the market with approximately 90 employees dedicated to manufacturing and innovation. Their projected sales for 2023 reached about 40 million USD, evidencing a strong EBIT margin that is appealing for ASSA ABLOY's growth strategy.

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed enthusiasm about the acquisition, stating, "I am very pleased to welcome Premier into the ASSA ABLOY Group." He emphasized that this strategic acquisition aligns with their ongoing efforts to solidify its presence in mature markets by integrating complementary products that enhance their core offerings.

Lucas Boselli, Executive Vice President and Head of the Americas Division at ASSA ABLOY, highlighted that the addition of Premier significantly complements the current portfolio of products. He noted that this move not only reinforces their market position in the Southern United States but also enhances their expertise in providing solutions tailored for metal buildings.

As part of ASSA ABLOY, Premier will be able to leverage the extensive resources and innovative capabilities of the global leader in access solutions. This acquisition is expected to be accretive to earnings per share from inception, showcasing the immediate financial benefits to the larger group.

ASSA ABLOY’s commitment to offering secure and convenient access solutions around the world plays a significant role in the company’s strategy. With Humberto Lopez, a key player in the integration process, overseeing the transition, there is a clear intent to maintain Premier’s reputation while driving collaborative growth.

Overall, this merger not only positions ASSA ABLOY for enhanced operational capabilities but also embraces Premier’s legacy and expertise that could lead to exciting developments in product innovation and customer offerings. With billions of people around the globe relying on ASSA ABLOY for safe access to physical and digital spaces, the future looks promising after this acquisition.

This acquisition marks a significant milestone for both companies, setting a new benchmark in the field of steel door and frame manufacturing. It reinforces ASSA ABLOY’s commitment to delivering superior solutions and underscores its strategic vision for growth in a competitive market, while simultaneously ensuring Premier’s legacy continues to thrive within a larger corporate framework.