ASSA ABLOY acquires Classic Brass in the US

ASSA ABLOY has announced the acquisition of Classic Brass Inc, a U.S.-based manufacturer specializing in premium cabinet and door hardware. The transaction, which was finalized on July 24, 2026, involves an undisclosed amount and is expected to enhance ASSA ABLOY's presence in mature markets. Classic Brass, recognized for its handcrafted and design-driven products, will be integrated into ASSA ABLOY's Residential Business Segment within the Americas Division.

Founded in 1996 and headquartered in Jamestown, New York, Classic Brass employs approximately 80 individuals and has established a reputation for producing high-quality, made-to-order hardware. The company's offerings appeal to architects, designers, builders, and homeowners who prioritize unique and customizable solutions. In 2025, Classic Brass reported sales of around $17 million, with a strong EBIT margin, indicating a solid financial performance that aligns with ASSA ABLOY's strategic objectives.

The acquisition is strategically significant for ASSA ABLOY as it aims to broaden its product portfolio and reinforce its market position in the residential hardware sector. According to Nico Delvaux, President and CEO of ASSA ABLOY, the addition of Classic Brass complements the company's core business and supports its growth strategy in established markets. This move is anticipated to be accretive to earnings per share (EPS) from the outset, reflecting the financial viability of the acquisition.

In the broader context, the acquisition of Classic Brass comes at a time when the demand for premium and customized hardware solutions is on the rise. As consumers increasingly seek out products that combine aesthetic appeal with functionality, ASSA ABLOY's investment in Classic Brass positions the company to capitalize on these market trends. The integration of Classic Brass's artisanal craftsmanship with ASSA ABLOY's extensive distribution capabilities is likely to enhance the overall value proposition for customers.

Looking ahead, this acquisition underscores ASSA ABLOY's commitment to innovation and growth within the residential segment. By leveraging Classic Brass's expertise and reputation, ASSA ABLOY is poised to strengthen its competitive edge in the hardware market. The transaction not only highlights the ongoing consolidation trends in the sector but also reflects a broader shift towards premiumization in consumer preferences, which may influence future M&A activity within the industry.