ASSA ABLOY acquires International Door Products in the US
ASSA ABLOY Acquisition: ASSA ABLOY has acquired International Door Products (IDP), a US manufacturer specializing in fire-rated steel door frames, to enhance its product offerings in mature markets.
Strategic Benefits: The acquisition is expected to strengthen ASSA ABLOY's position in the construction market by providing a broader range of solutions and improving lead times, aligning with the company's growth strategy.
Company Background: IDP, founded in 1977 and based in Southfield, Michigan, has around 80 employees and reported sales of approximately MUSD 29 in 2024, with a strong EBIT margin.
Positive Financial Impact: The acquisition is anticipated to be accretive to earnings per share (EPS) from the outset, contributing positively to ASSA ABLOY's financial performance.
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