ASSA ABLOY Strengthens North American Presence with Acquisition of U.S. Metal Door Manufacturer MPI

ASSA ABLOY Strengthens North American Presence with Acquisition of U.S. Metal Door Manufacturer MPI

(IN BRIEF) ASSA ABLOY has acquired Metal Products Inc. (MPI), a U.S. manufacturer of custom hollow metal doors and frames based in Corbin, Kentucky. The acquisition supports ASSA ABLOY’s strategy to strengthen its position in mature markets through complementary products and solutions. MPI, founded in 1980, employs 170 people and achieved 2024 sales of about USD 22 million with a solid EBIT margin. President and CEO Nico Delvaux emphasized the acquisition’s alignment with ASSA ABLOY’s core strategy, while Executive Vice President Lucas Boselli noted MPI’s excellent reputation, operational reliability, and strong U.S. presence. The acquisition is expected to be accretive to earnings per share immediately, further reinforcing ASSA ABLOY’s leadership in the Americas.

(PRESS RELEASE) STOCKHOLM, 27-Oct-2025 — /EuropaWire/ — ASSA ABLOY AB (STO: ASSA-B), leader in locks, doors, gates, and entrance automation, has strengthened its market position in North America with the acquisition of Metal Products Inc. (MPI), a leading U.S.-based manufacturer specializing in custom-made hollow metal doors and frames. This strategic move underscores ASSA ABLOY’s ongoing commitment to expanding its portfolio of complementary products and solutions across mature markets.

Nico Delvaux, President and CEO of ASSA ABLOY, welcomed the acquisition, stating, “We are very pleased to bring MPI into the ASSA ABLOY Group. This acquisition supports our strategy to reinforce our presence in developed markets by adding high-quality, complementary offerings that align with our core business.”

Echoing this sentiment, Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, highlighted MPI’s strong market reputation and operational excellence. “MPI is recognized for its reliability, customer-centric approach, and industry-leading lead times for custom doors and frames. Their well-established U.S. footprint enhances our capacity to provide customers with efficient service, dependable delivery, and local expertise,” he said.

Founded in 1980 and based in Corbin, Kentucky, MPI employs approximately 170 people and operates a main office and manufacturing facility at the same location. In 2024, the company reported sales of around USD 22 million (approximately SEK 230 million) with a strong EBIT margin. The acquisition is expected to be accretive to ASSA ABLOY’s earnings per share from the outset.

With this acquisition, ASSA ABLOY continues to build on its growth strategy by strengthening its manufacturing capabilities and product diversity, ensuring customers across the Americas benefit from a broader and more integrated range of high-quality door and security solutions.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

SOURCE: ASSA ABLOY