ASSA ABLOY has acquired Lorient, the 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, and specifically the Door Hardware Group, the acquisition will create opportunities to drive innovation and add value for end user customers by offering a broader product portfolio.
Lorient will continue to operate as an autonomous entity 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 is an exciting addition to our UK business and I’m delighted to welcome its teams into ASSA ABLOY,” said Harry Warrender, market region manager for ASSA ABLOY Opening Solutions UK. “It offers an extensive high quality range of sealing systems for doors and boasts a strong track record of innovation. Its portfolio will extend the ASSA ABLOY offer into the commercial market here in the UK and overseas.”
Lorient was established in 1979. The business employs approximately 135 employees globally, with 2018 sales expected to reach around £18.6 million.