ASSA ABLOY announced the acquisition of International Door Products, a Michigan-based manufacturer of standard and custom fire-rated steel door frames, strengthening its presence in the United States and broadening its capabilities across door-opening solutions.
The acquisition enhances the Opening Solutions Americas division by adding a portfolio of fire-rated steel frames known for rapid lead times and high-quality manufacturing. International Door Products, founded in 1977, employs approximately eighty people and operates its principal office and factory in Southfield, Michigan.
ASSA ABLOY reported that International Door Products generated $29 million in sales in 2024, equivalent to roughly $300 million in Swedish kronor. The company stated that the transaction will be accretive to earnings per share beginning immediately.
The deal aligns with ASSA ABLOY’s strategy of expanding its leadership in mature markets through acquisitions that complement its core offerings in access solutions. The company also provided executive contacts, including President and Chief Executive Officer Nico Delvaux, Chief Financial Officer Erik Pieder, and Head of Investor Relations Björn Tibell, for additional information.
KEY QUOTES
“I am very pleased to welcome IDP to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business.”
Nico Delvaux, President and CEO
“This acquisition marks an exciting milestone for ASSA ABLOY Opening Solutions Americas as we welcome International Door Products Inc. into our family. This acquisition allows us to offer an even broader range of solutions to our customers. IDP’s premium product portfolio and rapid lead times complement our existing capabilities, ensuring we can meet the evolving needs of construction markets with speed and excellence.”
Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division
