ASSA ABLOY set to buy two in the US
By Spencer Ives
Updated Wed May 9, 2018
NEW HAVEN, Conn.—ASSA ABLOY recently announced agreements to purchase two U.S.-based door and frame manufacturers: Pioneer Industries, based in Carlstadt, N.J., and Concept Frames Inc., based in Newton, N.C.
"The addition of Pioneer allows us to fortify our steel door and frame offering in the US and in particular the Atlantic region," Lucas Boselli, executive vice president of ASSA ABLOY and head of the Americas division, said in a prepared statement.
Pioneer will continue to be led by its current management team. Pioneer was founded in 1930 and currently has about 100 employees. The head office and factory are located in Carlstadt, N.J.
The Pioneer acquisition is conditional upon satisfaction of customary closing conditions and is expected to close during the second quarter of 2018, ASSA ABLOY noted in its announcement.
Concept frames has a focus on custom-made steel doors and frames for commercial and industrial applications. "I am very pleased to welcome Concept Frames into the ASSA ABLOY Group,” Boselli said in a separate announcement. “Concept Frame is a complementary addition to ASSA ABLOY and adds to our leadership in the door and frame category in North America.”
Concept Frames has expertise in customer service, project specifications and quick delivery, primarily covering the southeast region of the US, ASSA ABLOY noted in its announcement. The company was founded in 1982 and has approximately 68 employees; its head office and factory are located in Newton, N.C.
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