The Maiman Company

ASSA ABLOY Sells Wood Door Business In The US To Masonite

ASSA ABLOY has sold its Wood Door business in the US to Masonite. 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. The business had a turnover in 2017 of approximately USD 70 million. The transaction will have a positive effect on ASSA ABLOY´s operating margin and be neutral to EPS.