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 USD 70 million.
“It was important to us that our customers, architects and end-users have continuity for products, service and support, so these businesses are in good hands,” said Lucas Boselli, executive vice president of ASSA ABLOY and head of the Americas division. “We will continue our focus on our steel door and frame leadership development in the market.”
The transaction will have a positive effect on ASSA ABLOY’s operating margin and be neutral to EPS.