Lupus Capital Plc Acquires Laird Security Systems Division
Lupus Capital Plc has finalized the acquisition of the Laird Security Systems Division, which includes the U.S.-based Amesbury Group.
Amesbury, which designs, manufactures and distributes products and solutions for the fenestration industry, says it complements Lupus Capital's existing Schlegel Building Products activities in the United States and offers the potential for selling Amesbury products through Schlegel's international distribution network.
Schlegel's core manufacturing competencies are continuously-molded urethane foam, narrow fabric textiles and extruded plastics. The company is a producer of urethane foam (compression seals) and woven pile (sliding seals) for the door and window market, and sells its products in more than 75 countries.
The Schlegel U.S. operations will be managed under the Amesbury Group's Sealing Solutions Division, under the overall leadership of president Rich Koopmann.
Lupus Capital intends to use the Amesbury Group as a platform for growth and will work with management to: drive operational improvements throughout the business, pursue organic growth opportunities, develop new products; and add-on valued acquisitions, according to Amesbury.
"The opportunity to combine Schlegel's product range and expertise with our existing operations in the USA is a very positive development for the business and our customers," says Koopmann. " Our primary goal is to ensure a smooth transition and nothing less than an enhancement to your current relationship with either company. Schlegel is an excellent company with values and people similar to ours. We are very excited about this alliance and look forward to offering a full range of products to the industry."
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