ASSA ABLOY acquires Lawrence Doors in the US

ASSA ABLOY acquires Lawrence Doors in the US
Photo source
www.assaabloy.com

Date: 8 November 2024

ASSA ABLOY has acquired Lawrence Doors, a US manufacturer of coiling steel doors, grilles and counter shutters.

"I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

"With the acquisition of Lawrence Doors, we are set to enter the rapidly growing coiling steel market and establish a strong presence on the US West Coast," says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. "This acquisition will also equip us with the expertise and product portfolio needed to better serve our dealers and customers.”

Lawrence Doors was founded in 1925 and has some 120 employees. The main office and factory are located in Baldwin Park, California, USA. Lawrence Doors will be part of the Business Segment Residential within the Entrance Systems Division.

Sales for 2023 amounted to about MUSD 31 (approx. MSEK 320) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

600450 ASSA ABLOY acquires Lawrence Doors in the US glassonweb.com

See more news about:

Others also read

CMS, a company of the Scm Group and a global leader in technologies for composite materials, plastic, glass, stone, and metal processing, announces the appointment of Cosimo Capuzzello as General Manager.
Satinal S.p.A., Italian manufacturing leader of STRATO® interlayers for safety glass lamination, announced the upcoming opening of a new facility in Bari area, Southern Italy.
FTI is proud to support the third edition of Performance-Based Façade Design (PBFD), taking place in Venice, Italy, from September 11–13, 2025.
Glass Futures will today (25th June 2025) mark a major milestone by lighting its cutting-edge furnace for the first time.
Registration is now open for the FGIA Insulating Glass Fabricators Workshop, which will be held September 16-18 at the Intertek testing facility in Fridley, MN.
New “Glass in a Box” Product Line Provides Instant Material Availability for Standard Showers, Entrances, and Railings.

Add new comment