AmesburyTruth Acquires Ashland Hardware
03/08/2018
EDINA, MN -- AmesburyTruth, a leading supplier of engineered components to the door and window industry, announces that it has entered into a conditional agreement to acquire Ashland Hardware. The acquisition will enable AmesburyTruth to broaden its hinged window, hung/sliding window and patio door product portfolios. For more than 80 years, Ashland Hardware has been a leading provider of residential window and door hardware to the fenestration industry, supplying wood and vinyl window/door fabricators throughout North America.
AmesburyTruth has over 2,400 employees and is headquartered in Edina, Minnesota, with manufacturing facilities throughout North America.
Ashland Hardware has over 400 employees and is headquartered in Irving, Texas, with manufacturing facilities in Monterrey, Mexico, and Woodbridge, Canada, and centralized distribution in Freeport, Illinois.
- Ashland Hardware's product portfolio and capabilities are highly complementary to those of AmesburyTruth, providing a broader product offering across multiple categories.
- Ashland Hardware will expand AmesburyTruth's product offering in the hung/sliding window market which represents approximately 70 percent of all window openings in the U.S. residential market.
- Ashland Hardware has well invested strategically positioned facilities with significant capacity. Most notably the Ashland Hardware site in Monterrey, Mexico, which will give AmesburyTruth a second manufacturing site location in Mexico.
According to Mike McCann, Senior Vice President of Sales & Marketing at AmesburyTruth, "We are very excited about the opportunity to expand our product portfolio and manufacturing footprint. Ashland Hardware solutions compliment the AmesburyTruth product portfolio and will position us well to serve our customers with continued success across North America."
About AmesburyTruth
AmesburyTruth is a leading manufacturer of window and door extrusions, hardware, and sealing systems used by leading window and door manufacturers throughout the U.S., Canada, Mexico and China, for both residential and commercial markets. Based in Edina, MN, the company has facilities in Cannon Falls, MN; Owatonna, MN; Sioux Falls, SD; Fremont, NE; Rochester NY; Amesbury, MA; Statesville, NC; Brampton, Canada; Juarez, Mexico; and Ningbo, China. The company is a subsidiary of Tyman Plc. (London Stock Exchange: TYMN). Tyman Plc, headquartered in London, is a leading international supplier of engineered components to the door and window industry. Visit www.amesburytruth.com for more information.
