DORMA Adds Two Market Leaders in Moveable Walls To Its Family of Architectural Products

Feb 20, 2002, 00:00 ET from DORMA Group North America

    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
     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.
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SOURCE DORMA Group North America