Exclusive financial advisor to dormakaba USA Inc.
KPMG Corporate Finance LLC acted as exclusive financial advisor to dormakaba USA Inc. on its divestiture of Mesker.
KPMG Corporate Finance LLC is pleased to announce the divestiture of the Mesker hollow metal doors business, (Mesker or the Company) a division of dormakaba USA Inc., to the key principals of Trimco and Metal Manufacturing Industries.
Mesker manufactures hollow metal steel doors and frames, as well as specialty door and frame categories that are used in a variety of applications including new construction, repair, and remodel solutions. Mesker offers a comprehensive product portfolio providing stock, nonstock, and quick ship solutions. Mesker was established in 1864 and is based in Huntsville, Alabama. The Company is strategically located in four facilities across the U.S.
The transaction enables dormakaba USA Inc. to focus on its access solutions offering, an important piece of the Company’s Americas strategy. “This divestment will enable our Region Americas to focus on our core business. It is an important step for the turnaround of the Americas’ core business and thus for the implementation of our growth strategy,” said Jim-Heng Lee, CEO of dormakaba.
Mesker will operate under a new entity known as Mesker MBM, LP.
About dormakaba USA Inc.
dormakaba USA Inc. is an operating subsidiary of dormakaba Holding AG. dormakaba Holding AG is based in Switzerland and provides access and security solutions worldwide via door hardware products, entrance systems, lodging systems, electronic and mobile access solutions, and contactless identification systems. dormakaba Holding AG was founded in 1862 and is headquartered in Rümlang, Switzerland.
Trimco designs and manufactures architectural hardware products, specializing in nonelectrical door opening/closing devices. The company was founded in 1975 and is based in Oceanside, California.
About Metal Manufacturing Industries
MMI manufactures hollow metal steel frames and doors and exports its products to Central and South America. The company was founded in 1999 and is based in San Luis Potosí, Mexico.
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