Exclusive financial advisor to The Caldwell Manufacturing Company
KPMG Corporate Finance LLC acted as exclusive financial advisor to The Caldwell Manufacturing Company
KPMG Corporate Finance LLC is pleased to announce the sale of The Caldwell Manufacturing Company (Caldwell or the Company) to ASSA ABLOY, Inc. (ASSA ABLOY).
Headquartered in Rochester, New York, Caldwell is a manufacturer of fenestration hardware for window and door manufacturers. Founded in 1888, Caldwell has established itself as a leading provider of high quality products to customers around the world. Caldwell has expanded its product set to include hinge and door solutions for both the residential and commercial markets, anchored by its expertise around hung window solutions. The Company operates out of eight facilities across three countries that enable it to service a global footprint.
Caldwell products will add to the comprehensive portfolio of products offered by ASSA ABLOY, which include hinges, mechanical and digital locks, security doors, and automated entrances, which embrace new technologies such as biometrics and trusted identities. “We strongly believe that Caldwell and ASSA ABLOY together will be able to offer significant growth opportunities for the combined businesses,” said Eric Mertz, Caldwell’s president and CEO.
Eric commented on working with the KPMG CF team, “The KPMG Corporate Finance team provided strategic, constructive guidance throughout the transaction process. They helped us meet our end goal and overcome any hurdles we came across. Their diligent approach, capabilities, and abundance of resources were key to a successful and smooth transaction.”
About ASSA ABLOY
ASSA ABLOY is a global leader in access solutions with operations in 70 countries and over 50,000 employees. The company offers its products, solutions, and services to institutional, commercial, and residential markets worldwide.
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