The ASSA ABLOY Wood Door business consists of two companies Graham Wood Doors, based in Mason City, Iowa and The Maiman Company, based in Springfield, Missouri with a total of 275 employees.
Graham is a manufacturer of flush architectural wood doors and Maiman is a manufacturer of thermal fused doors and stile and rail doors. The business had a turnover in 2017 of approximately SEK 600 million ($70 million).
"I find it very satisfying that with Masonite the Wood Door business and employees get a committed, experienced owner that gives the business a new home and creates opportunities for the future,” says Nico Delvaux, President and CEO of ASSA ABLOY.
The transaction will have a positive effect on ASSA ABLOY´s operating margin and be neutral to EPS.
