Aug. 12, 2013 – Tyman, the parent company of Amesbury, has completed the acquisition of Truth Hardware of Owatonna, Minn., and Atlas Holdings of Brampton, Ont., from Melrose Industries. Truth Hardware is a leading manufacturer of window and door hardware for the North American residential and commercial fenestration market. Amesbury is an international leader in the fenestration market supplying hardware, sealing, and extruded products to residential and commercial markets.
Aug. 12, 2013 – Tyman, the parent company of Amesbury, has
completed the acquisition of Truth Hardware of Owatonna, Minn., and Atlas
Holdings of Brampton, Ont., from Melrose Industries.
Truth Hardware is a leading manufacturer of window and door hardware for the
North American residential and commercial fenestration market. Amesbury is an
international leader in the fenestration market supplying hardware, sealing,
and extruded products to residential and commercial markets.
"Combining Amesbury and Truth creates an organization with an extensive
product portfolio and global reach," says Jonathan Petromelis, Amesbury
president and CEO. “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 says, “At Truth Hardware we are
very excited about working with Amesbury. 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. It
broadens relationships within a largely common customer base of North American
window and door OEMs. 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.
“The key to both companies' success has been, and will continue to be, provide
world-class service to our customers and high quality hardware, seals and
extrusions, and this acquisition will be a key element in the continued
development of our strategy for North America,” says Petromelis.
Related Link
www.amesbury.com
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