ASSA ABLOY acquires Concept Frames in the US -- Security Today

ASSA ABLOY acquires Concept Frames in the US

May 09, 2018

ASSA ABLOY has signed an agreement to acquire Concept Frames, Inc., a manufacturer of custom-made steel doors and frames for commercial and industrial door and window applications in the US.

I am very pleased to welcome Concept Frames into the ASSA ABLOY Group,” says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. “Concept Frame is a complementary addition to ASSA ABLOY and adds to our leadership in the door and frame category in North America.”

Concept Frames has an excellent reputation for customer service, project specifications and quick delivery primarily covering the southeast region of the US. Boselli adds, “Excellent customer experience combined with well-made custom products are a welcomed addition to our offering.”

Concept Frames, founded in 1982, has approximately 68 employees. The head office and factory are located in Newton, North Carolina.

Sales for 2018 are expected to reach about USD 8 million (approx. SEK 65 million) with a good EBIT margin.

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