Caldwell Acquires Doors In Motion
February 11, 2014
Caldwell Manufacturing Co. North America signed a Definitive Purchase Agreement with B12 Capital Partners LLC to acquire substantially all of the assets of Doors in Motion LLC. Caldwell officials did not disclose terms of the agreement, but the company anticipates the closing of the transaction to take place before the end of the month.
The purchase adds depth and diversity to the Caldwell's offerings and complements its existing line of...sliding window and door hardware, according to Eric Mertz, Caldwell president and CEO. "The acquisition further expands our ability to meet the ever-changing demands of the market as well as leverage the economic rebound."
Doors in Motion, based in Scottsdale, Ariz., was founded in 2001 and is known for providing proprietary residential and light commercial door automation solutions and the fabrication of large multi-panel door systems.
“We are excited to add Doors in Motion hardware and software solutions to our offering, and I know that Bob Bogle and the Doors in Motion team is equally excited about Caldwell being able to help expedite their product development activities and move the brand aggressively into the global marketplace,” says Mertz.
Caldwell’s headquarters has been based in Rochester, N.Y., since its founding in 1888. It maintains manufacturing facilities in Williamsport, Md., Pence Springs, W.Va., Victor, N.Y., Juarez, Mexico, Coventry and Cheltenham, England as well as distribution warehouses in El Paso, Texas, and Alachua, Fla. The company looks to maintain and add the Scottsdale, Ariz., location to its global footprint.