Tyman Plc Completes Acquisition of Truth HardwareJuly 15th, 2013 by DWM Magazine
Tyman Plc, the parent company of Amesbury, has completed the acquisition of Truth Hardware of Owatonna, Minn., from Melrose Industries Plc.
“Combining Amesbury and Truth creates an organization with an extensive product portfolio and global reach,” says Jonathan Petromelis, president and CEO Amesbury. “Our priority and endeavor as an integrated organization will be to provide customers within the fenestration market even greater opportunity to seek engineered solutions.”
Jeff Graby, president and CEO Truth Hardware adds: “Combined, our position of strength and the ability to offer our customer’s the breadth of an expanded and innovative product line will be our core focus.”
The acquisition of Truth Hardware provides the Tyman Group an expanded and highly complementary product portfolio especially in casement hardware, according to a company statement. It also creates an enlarged and strategically positioned manufacturing footprint, including a facility in Canada. The total number of Amesbury and Truth manufacturing locations in North America is now 13.