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Assa Abloy acquires Australian door manufacturer

25.04.2019 − 

Assa Abloy, which focuses on lock, hardware and door systems, has acquired full ownership of Australian wooden door manufacturer Spence Doors. According to a statement issued on 29 March 2019, by means of the purchase Assa Abloy intends to expand its current product portfolio further via the Opening Solutions Asia Pacific division. Spence Doors primarily manufactures doors for use in the commercial sector. In addition to house, apartment and interior doors, the company also offers door frames and special functional doors for public buildings. At its headquarters close to Melbourne as well as its second location in Bendigo (Victoria), the company employs a total of approximately 260 persons. Assa Abloy expects that Spence Doors will achieve turnover of AU$67m, equivalent to SEK435m, this year.

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