Lupus Capital Plc Acquires Laird Security Systems
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.
Schlegel's U.S. operations will be managed under the Amesbury Group's
Sealing Solutions Division under the overall leadership of president,
Lupus Capital will look seeks to use the Amesbury Group as a platform
for growth and will plans to work with management to drive operational
improvements through the business, to pursue organic growth opportunities,
new product development and to make add-on acquisitions where they
will add value, 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," said 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."