The Swedish group ASSA ABLOY has announced the acquisition of Belgian door panel manufacturer Kingspan Door Components. The news was confirmed by ASSA ABLOY's press office. According to the official release, the acquisition will help ASSA ABLOY reinforce its presence in mature markets, particularly in the production of sectional doors for the residential and industrial sectors.
Kingspan Door Components has been operating since 1983. The company produces a wide range of high-quality door panels and employs around 70 people. Its main production facilities are located in Leuze-en-Hainaut, Belgium. In 2024, the company’s sales reached approximately EUR 25 million.
Nico Delvaux, President and CEO of ASSA ABLOY, stated that the acquisition aligns with the company’s strategy of growing through adjacent product lines. Massimo Grassi, Head of ASSA ABLOY’s Entrance Systems division, added that integrating the Belgian company will allow the expansion of the sectional door component offering and enhance competitive advantages.
Kingspan Door Components will become part of the Sectional Doors and Components division within the Industrial business segment.
For reference.
Kingspan Group, the parent company, has been operating in Ukraine through LLC “KINGSPAN - UKRAINE” since 2005. In 2022, the company announced the construction of a manufacturing campus in the village of Yampil, Lviv region. The site will produce, among other things, wall and roof sandwich panels, mineral wool panels and wall panels with filler, polyisocyanurate boards, coverings and raised floors, mineral wool, etc.
Photo: Kingspan
Door panels by Kingspan Door Components
ASSA ABLOY acquires Belgian company Kingspan Door Components
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