ASSA ABLOY acquires Kingspan Door Components in Belgium
Eve Goode
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ASSA ABLOY has acquired Kingspan Door Components, a Belgian manufacturer.
Kingspan Door Components offers a large range of high-quality door panels for sectional doors for both residential and industrial applications.
“Strengthen our position”
Nico Delvaux, President and CEO, ASSA ABLOY commented: “I am very pleased to welcome Kingspan Door Components 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,” Delvaux added.
“Innovative and Competitive”
Massimo Grassi, Executive Vice President and Head of Entrance Systems Division, ASSA ABLOY commented: “Integrating Kingspan Door Components into the Entrance Systems Division allows us to expand our innovative and competitive component portfolio.”
Grassi concluded: “This will enable us to provide our customers with an even broader selection of high-quality sectional door panels.”
Kingspan Door Components
Kingspan Door Components was founded in 1983 and has 70 employees. The main office and factory are located in Leuze-En-Hainaut, Belgium.
The company states that Kingspan Door Components will be part of Sectional Doors and Components in the business segment Industrial within the Entrance Systems Division.
