Locks and Security News: your weekly locks and security industry newsletter
12th June 2019 Issue no. 461
Your industry news - first
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ASSA ABLOY acquires Exidor Ltd
ASSA ABLOY has acquired Exidor Ltd from Chamberlin Plc. Exidor is a long established leading manufacturer of panic and emergency exit hardware in the UK.
ASSA ABLOY is an international group with around 47,000 employees and sales close to £6.4 billion. In the UK, ASSA ABLOY is best known for the Yale and UNION brands and has its Head Office and main manufacturing centre in Willenhall.
Given the strong commercial synergies between Exidor and ASSA ABLOY Opening Solutions UK, in particular with the Door Hardware Group in the UK, the acquisition will create opportunities for both businesses to add greater value to our customers by offering a broader and innovative product range.
Exidor will continue to operate as an autonomous business as part of the Door Hardware Group, retaining the existing strong management and commercial teams who have been responsible for developing its excellent reputation in the market. Existing customer contact points remain unchanged.
"Exidor are an exciting addition to our UK business and I am delighted to welcome their team into ASSA ABLOY" says Harry Warrender Market Region Manager of ASSA ABLOY Opening Solutions UK & Ireland. "It offers an extensive high quality range of panic and emergency exit hardware with a strong track record of innovation. Their portfolio will extend the ASSA ABLOY offering into the UK commercial market."
Exidor was established in 1931 and has its headquarters in Cannock, West Midlands. The business employs approximately 70 employees and 2018 sales are expected to reach around £8 million.
For more information, please contact:
Paul Browne, Business Development Director. E-mail: [email protected]. Tel: 01902 364062
9th January 2019