Locks and Security News: your weekly locks and security industry newsletter
17th July 2019 Issue no. 466
Your industry news - first
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ASSA ABLOY acquires Lorient Group Ltd
ASSA ABLOY has acquired Lorient, a leading designer and manufacturer of high performance door sealing systems based in Newton Abbott, Devon.
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 Lorient and ASSA ABLOY Opening Solutions UK, specifically the Door Hardware Group, the acquisition will create opportunities to drive innovation and add value to their customers by offering a broader product portfolio.
Lorient will continue to operate as autonomous businesses as part of the Door Hardware Group, retaining the existing strong commercial and operational team that has made the business the success it is today. Existing customer contact points remain unchanged.
"Lorient are an exciting addition to our UK business and I am delighted to welcome their teams into ASSA ABLOY," says Harry Warrender, Market Region Manager for ASSA ABLOY Opening Solutions UK. "It offers an extensive high quality range of sealing systems for doors with a strong track record of innovation. Their portfolio will extend the ASSA ABLOY offering into the commercial market in the UK and overseas."
Lorient was established in 1979 and has its headquarters in Newton Abbot, Devon. The business employs globally approximately 135 employees and 2018 sales are expected to reach around £18.6 million.
For more information, please contact: Paul Browne, Business Development Director. E-mail: [email protected]. Tel: 01902 364062
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12th December 2018