REAMSTOWN, PA — Security and access solutions company dormakaba has signed an agreement to acquire U.S.-based Mesker Openings Group for $142.5 million USD, and expects to close the transaction in 2016 upon the satisfaction of customary closing conditions, it was announced Nov. 9.
With the consummation of the acquisition of Mesker Openings Group, a leader in the commercial door and hardware industry in the U.S., dormakaba will increase the breadth of its product offering in North America.
“The acquisition of Mesker is a continuation of the industrial logic underlying the merger to dormakaba and a consistent implementation step of our strategy for North America,” says CEO Riet Cadonau. “It 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, Ala. It offers a diversified product portfolio for commercial, industrial and institutional uses under four brands: 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.
“By acquiring Mesker, we will add to our portfolio such products as manual doors and frames,” says Michael Kincaid, chief operating officer, Access Solutions AMER, which oversees dormakaba’s North and South American operations. “This will enable us to serve customers more effectively and broadly, as some customer groups in our market request a full package, including doors.”
The addition of Mesker will also provide dormakaba with an expanded distribution network and channels, and 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.
Mesker has about 400 employees and generated turnover of about $67 million USD in 2015.