ASSA ABLOY Sells Wood Door Business in the US to Masonite
ASSA ABLOY has sold its Wood Door business in the US to Masonite (NYSE: DOOR).
- ASSA ABLOY has sold its Wood Door business in the US to Masonite (NYSE: DOOR).
- The ASSA ABLOY Wood Door business consists of two companies Graham Wood Doors, based in Mason City, Iowa and The Maiman Company, based in Springfield, Missouri with a total of 275 employees.
- Graham is a manufacturer of flush architectural wood doors and Maiman is a manufacturer of thermal fused doors and stile and rail doors.
- "I find it very satisfying that with Masonite the Wood Door business and employees get a committed, experienced owner that gives the business a new home and creates opportunities for the future," says Nico Delvaux, President and CEO of ASSA ABLOY.