DORMA Adds Two Market Leaders in Moveable Walls To Its Family of Architectural Products
REAMSTOWN, Pa., Feb. 20 /PRNewswire/ -- DORMA has acquired two companies - Modernfold, Inc. and Huppe Form Raumtrennsysteme, both market leaders in the moveable wall and partition markets - and will form a new worldwide division to encompass these companies and associated products it currently manufactures. Modernfold - the nation's second largest manufacturer of operable walls and accordion partitions - will become a part of DORMA Group North America, which is headquartered in Reamstown. DORMA is an international supplier of products, systems, and services that provide comfort, safety, and security for pedestrian traffic of architectural openings in the commercial construction industry. The addition of moveable walls and room partitioning systems enhances DORMA's position as a worldwide leader in technology and innovation in the field of integral door concepts. Effective Feb. 28, 2002, DORMA will acquire Modernfold Inc. a well-respected brand of operable walls and accordion partitions commonly found in conference and convention centers, hotels, classrooms and corporate meeting rooms. Headquartered in New Castle, Indiana with facilities in Dyersville, Iowa, and Sharonville, Ohio, Modernfold employs about 340 people, manufacturing products marketed under the Acousti-Seal, Audio-Wall, Soundmaster, and Woodmaster names. Retroactive to Jan. 1, 2002, DORMA has purchased Huppe Form Raumtrennsysteme GmbH, part of the Huppe Form Group of Oldenburg, Germany. With about 500 employees and 10 international subsidiaries, Huppe Form Raumtrennsysteme GmbH manufactures and markets sound resistant and glass movable walls, and demountable partitions under the Variflex, Varitrans, Combiline, and Multiroll names. As the goal of these acquisitions Dr. Michael Schadlich, CEO of the DORMA Group, named the expansion of the existing activities and the establishment of a new division including movable walls and room partitioning systems. Both companies have strong brand recognition and are well positioned in their respective markets, Huppe Form Raumtrennsysteme is number 1 in Europe and Modernfold is number 2 in the United States. "Altogether, its own present activities included, DORMA will be recognized as the world market leader in movable walls and room partitioning systems," Dr. Schadlich said. The addition of these two companies grows the DORMA Group worldwide to 77 subsidiaries in 44 countries, while expanding its recognized competency in offering architects and designers around the world technical expertise and solutions both before and after the sale. This local assistance, backed by an international support organization and a diverse range of products, significantly differentiates the DORMA Group of companies from its competitors. Moveable walls now join door hardware, automatic doors, glass door hardware, and security products as part of the DORMA product portfolio. Modernfold began in 1925 and the brand today still signifies quality and durability in product design, supported by a well established nationwide network of independent distributors who assist in layout development, product selection, project coordination, installation, training and service. Huppe Form Raumtrennsysteme GmbH began production of accordion walls in 1955 and today is recognized for its distinguished design and tailored solutions capability along with its high quality products. Moveable wall systems include manually and automated versions. About DORMA DORMA is an international supplier of products "all around the door." With its hardware division, the company is the world market leader, and is the number two supplier of automatic door systems worldwide. Primary production plants are located in Europe, Singapore, Malaysia, China, North America and South America. Headquartered in Ennepetal, Germany, the Group obtained annual sales of 573 Million Euros (US$500 Million) in fiscal year 2000/01 ended June 2001, and has nearly 5,000 employees worldwide. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X05662133
SOURCE DORMA Group North America
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