In a significant move to bolster its position in the U.S. market, ASSA ABLOY, a global leader in access solutions, has announced its acquisition of Premier Steel Doors and Frames, a well-established manufacturer based in Monroe, Louisiana. Premier, founded in 1964, specializes in producing hollow metal doors and frames, metal building door systems, and aluminum windows. The acquisition, which aligns with ASSA ABLOY’s strategy to expand its portfolio of complementary products, strengthens its footprint in the southern United States while enhancing its capabilities in metal building solutions.
The strategic decision to acquire Premier Steel Doors is seen as part of ASSA ABLOY’s broader plan to reinforce its position in mature markets and diversify its offerings. Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm about the acquisition, noting that it supports the company’s growth objectives. "I am very pleased to welcome Premier into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," Delvaux said.
Premier Steel Doors and Frames has a reputation for high-quality manufacturing, with an impressive portfolio of steel door products for both commercial and industrial applications. The company’s range includes hollow metal doors, fire-rated doors, and security frames, which complement ASSA ABLOY’s existing offerings. Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, highlighted the importance of the acquisition in expanding the company’s product lineup. "Premier is a well-known and respected steel door and frame manufacturer, and I’m excited for them to join our division," Boselli stated. "This acquisition complements our current product portfolio, strengthens our presence in the southern U.S., and enhances our expertise in solutions for metal buildings."
The acquisition is also seen as a strategic move to expand ASSA ABLOY’s manufacturing capabilities in the southern U.S., where the demand for steel and metal building solutions is significant. Premier, which has approximately 90 employees, operates out of a main office and factory in Monroe, Louisiana. The company's strong reputation in the market, combined with its robust manufacturing capabilities, makes it an ideal fit for ASSA ABLOY, which is continuously looking for ways to enhance its product offerings and geographical reach.
Premier's performance in 2023 was notable, with the company reporting sales of approximately USD 40 million (SEK 420 million) and maintaining a strong EBIT margin. According to the company’s announcement, the acquisition is expected to be accretive to earnings per share (EPS) from day one, providing an immediate positive impact on ASSA ABLOY’s financial results. This positive outlook reflects the complementary nature of Premier’s business and its alignment with ASSA ABLOY’s growth strategy.
The addition of Premier Steel Doors and Frames further strengthens ASSA ABLOY’s already impressive portfolio of products related to door openings, trusted identities, and entrance automation. ASSA ABLOY, with its global presence and diverse portfolio, aims to continue innovating and providing secure and efficient access solutions. As a company, it has long been at the forefront of providing safe, secure, and convenient access to both physical and digital spaces, with its innovations helping billions of people around the world experience a more open world every day.
ASSA ABLOY, with 61,000 employees and annual sales of SEK 141 billion, operates in over 100 countries. Its wide range of products and solutions includes everything from access control systems to door hardware, security solutions, and advanced technology for physical and digital access. The acquisition of Premier Steel Doors will further enhance the company’s ability to meet the growing demand for high-quality steel door products in the commercial and industrial sectors.
Through this acquisition, ASSA ABLOY is not only enhancing its product offering in the U.S. market but also reinforcing its strategy of expanding its global market share in access solutions. By adding Premier Steel Doors to its portfolio, ASSA ABLOY continues its path of growth and innovation, further solidifying its leadership position in the global access solutions industry.
