Dormakaba expands in NA with acquisition
Dormakaba will increase the breadth of its product offering in North America with the acquisition of Mesker Openings Group, which serves the commercial door and hardware industry.
Dormakaba CEO Riet Cadonau says the US$142.5-million purchase “will expand our offering in North American to include all essential door components as well as secure access to buildings and rooms from a single source.”
Mesker was founded in 1864 and is based in Huntsville, Alabama. It offers a diversified product portfolio for commercial, industrial and institutional uses under four well-recognized brands in the industry (Mesker Door, Hollow Metal Xpress, Design Hardware, and Wood Door Xpress). The company’s five manufacturing and distribution facilities are strategically located in key regions providing significant efficiencies in delivering customizable products with very short lead times.
“By acquiring Mesker, we will add to our portfolio such products as manual doors and frames,” says Michael Kincaid, COO AS AMER. “This will enable us to serve customers more effectively and broadly, as some customer groups in our market request a full package, including doors.”
Dormakaba Group serves the global market for access and security solutions with brands such as Dorma and Kaba. The addition of Mesker will also provide dormakaba with expanded distribution network and channels, and it will open up sales opportunities due to dormakaba’s presence in verticals such as lodging and multihousing, as well as in sales channels such as security hardware, contract hardware distribution and services.