ASSA ABLOY Group has acquired Metal Products Inc. for an undisclosed amount, marking a strategic expansion for the global leader in access solutions. This acquisition represents a direct corporate purchase, integrating Metal Products Inc. into ASSA ABLOY's operational portfolio.
Founded in 1969, Metal Products Inc. has grown from a small pattern and die shop to a significant manufacturing facility spanning nearly 160,000 square feet, employing over 85 skilled individuals. The company specializes in a comprehensive range of custom machining, fabrication, and welding services. Its capabilities include large machine capacity, CNC milling and turning, waterjet machining, EDM, and assembly, producing complex parts for diverse industries, from marine to military applications. Metal Products Inc. is recognized for its ISO certification and AWS certified welders, ensuring high-quality custom manufacturing.
This acquisition is strategically significant for ASSA ABLOY Group, providing enhanced manufacturing capabilities and specialized custom metal fabrication expertise. Metal Products Inc.'s advanced machining and fabrication services are expected to complement ASSA ABLOY's existing operations, offering opportunities to streamline production processes and expand capacity for intricate component manufacturing. The integration will leverage Metal Products Inc.'s long-standing experience and skilled workforce, particularly in large-scale and complex part production.
The combination of ASSA ABLOY's global presence and industrial leadership with Metal Products Inc.'s specialized manufacturing proficiency is anticipated to create immediate operational synergies. This integration aims to bolster the combined entity's ability to deliver high-quality, precision-engineered products. The acquisition solidifies ASSA ABLOY's manufacturing base and extends its reach into specialized component fabrication, supporting future growth and product development initiatives across its various business segments.