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Companies in the timber industry / Daily News / Wood Products / Global / North America
November 28, 2016

Swiss Dorma+Kaba plans takeover of US door producer Mesker for $142.5 mil.

Swiss Dorma+Kaba plans takeover of US door producer Mesker for $142.5 mil.
Dormakaba has signed an agreement to acquire US-based Mesker Openings Group and expects to close the transaction in 2016 upon the satisfaction of customary closing conditions.    With the consummation of the acquisition of Mesker, a leader in the commercial door and hardware industry in the USA, Dormakaba will increase the breadth of its product offering in North America. “The acquisition of Mesker is a continuation of the industrial logic underlying the merger to dormakaba and a consistent implementation step of our strategy for North America," says CEO Riet Cadonau. “It will expand our offering in ...

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