ASSA ABLOY has acquired Dale Hardware and Excel Architectural Hardware (Dale and Excel) through its acquisition of the Progress Ventures Group. Dale and Excel are leading suppliers of architectural hardware to UK builders’ merchants.
“I’m very pleased to welcome Dale and Excel into the ASSA ABLOY Group,” stated Johan Molin, president and CEO of ASSA ABLOY. “Dale and Excel offer a comprehensive portfolio of architectural hardware products that effectively complement and extend the ASSA ABLOY offering in both the UK and the Middle East markets.”
Tzachi Wiesenfeld, executive vice- president of ASSA ABLOY and head of the EMEA division, added: “Dale and Excel are an exciting addition to our UK business and I’m delighted to welcome their teams into ASSA ABLOY. They offer an extensive high quality range of architectural hardware products with a strong track record of innovation. Their portfolio will extend the UNION offering into the commercial market here in the UK.”
Dale was established in 1974 and is headquartered near Leeds. The business has approximately 70 employees. Sales for 2018 are expected to reach around £19 million with a good EBIT margin. The acquisition will be accretive to EPS from the start.