DALLAS, April 1, 2021 / PRNewswire / – Overhead Door Corporation, a leading provider of door and access solutions, has acquired Won-Door Corporation effective this week. Won-Door Corporation is the leader in accordion-style fire and security door solutions.
The innovative, life- and property-saving products from Won-Door are installed invisibly until they are automatically used when required. This makes them an attractive, wide-opening fire and security solution for architects and builders. Won-Door will continue to operate under the existing brand and will be part of a strategic business unit of Horton Automatics. This will expand the leadership position of Overhead Door Corporation in innovative pedestrian access solutions.
“This combination speaks to our purpose: creating safe access for generations,” he said Kelly Terry, President and Chief Executive Officer of Overhead Door Corporation. “The addition of Won-Door to the Overhead Door Corporation family improves our pedestrian access solutions, particularly fire and safety, while expanding our addressable market.”
Mr. Terry added, “The acquisition allows us to leverage the strengths of our company and our distributors to accelerate the rollout of Won-Door’s innovative pedestrian access solutions. When we bring the Won-Door team on board, we aim to Maintaining unique strengths is what makes them successful and we are excited about the opportunity to work together across brands for the benefit of our combined team and customer base. “
Ron SmartThe Chairman and Chief Executive Officer of Won-Door Corporation said, “We firmly believe that this agreement with Overhead Door Corporation will bring numerous long-term benefits to our employees and customers. Overhead Door Corporation is committed to continuing to do our business invest Our combined efforts will create a strong platform for growth and build our leadership position in the market. “
About the Won-Door Corporation
WON-DOOR CORPORATION has designed, developed, manufactured and installed accordion-style folding doors for more than 50 years. The company offers fire, security and acoustic doors for elevator lobbies, occupancy separation and smoke protection and is an industry leader in product innovation.
Today, WON-DOOR CORPORATION products are widely recognized as meeting both fire safety and building codes in virtually any application. They are installed in a wide variety of building types in North and South America, as well as Asia, Europe and the Middle East. Deloitte Corporate Finance LLC acted as exclusive financial advisor to Won-Door Corporation.
About Overhead Door Corporation
OVERHEAD DOOR CORPORATION based in Lewisville, Texasis a leading provider of door and access solutions for residential, commercial, institutional and industrial applications. OVERHEAD DOOR CORPORATION operates in three business areas and focuses on vehicle, pedestrian and electronic access solutions. The company serves more than 6,000 industry-leading professional distributors.
As an industry pioneer who invented the first upward-acting door in 1921, the first electric garage door opener in 1926, and the first automatic sliding door in 1954, the company manufactures door and access solutions under some of the most trusted brands North America including Overhead Door, Wayne Dalton, Genie, Horton Automatics, and TODCO.
Overhead Door Corporation is a subsidiary of Sanwa Holdings Corporation in Tokyo, Japan. Please visit https://ohdcorporation.com for more information.
SOURCE Overhead Door Corporation