Dorma Acquires Rutherford Controls

Author: Brian Rhodes, Published on Nov 26, 2012

Billion dollar plus German door hardware manufacturer Dorma is acquiring one of the most well regarded US access manufacturers, Rutherford Controls. However, the companies have historically focued on opposing sides of the market, and are stronger in different sides of the globe. Will this deal compliment the two companies, or waste individual strengths? In this note, we examine the companies involved and gauge the deal's impact to the Access Control market moving forward.

Company Profiles

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Dorma's ******** ********

**** *** *********** ** ***, ***** *** **** ***** * gap ** *** *********** ******** *********, *** ******** * *********** established ******* ******** ** *** ** ******. *** ******* ********** in *** ************:

"*** ******** ****** ******** ***** *********** *** ******* ****** *****, based ** *** ******* ** ***** ********** ******* ****** *********. The *** *********** ********** * *** **** *******." 

***** ***'* ******** **** ** *****'* ****** *********** ******** *********, the **** ***** ***** ** ********* *** ******* '***-**-***' ********** access ******* ********* ********* ******* ** *** ***********.

** ****** *****, ***** *** ******** **** *** ****** ******* market, *** ***** *** ** ******** **** ******** ** *** scale ** *****,******** *****, *****.  ** *** **** ****, *** ******* *** ********** * small/medium **** ****** ****** ******* ****** (*************) ***** ** *****'* ********. **** ******** ** ************ ********** to*****'* ******* ********, ******* *** **** ******** ** ********* **** ****** **** Dorma *********** ******** *** ***-********** ********** *** ********** **************, *** is **** ****** ** ***** **** ***********.

RCI ******** 

********** ******** *************** * ********* ************ ** *********** ****** ******* ********. ***** the ******* ****** * **** ***** ** *********** *********** ********, including ******** *** *******, ** ******** ******* ********* ******** *** atypical ************. *** *******, ********* ************ ******** * ******* ****** *******, * ******/******* ***********, *** a **** ****** ** * ****** ****:

*** *** ************* **** ******** ** *** '***********/**********' ****** *** door ******** ******* ***********, **********, *** ******** *********** ************. ****** Dorma, *** *** ************* ******** ** *** '***** ****' ** the ****** ******* *&* ************** *** *** ********, *** *** focused ** *** '**** ****' ** *** ****** ********* ******** after * ******** ** ******* ***********.

Market ******

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********** ********' ******* *** ********** *****'* ******** ** *** ********** access ******* ******. ***** ******* ********** ** ********* ***********, *** expanded ******* ** **** ** ******** *********** ******** ** *** hardware ******* ** **** ******* ******-****** ********** ****** ******* ********.

*** **** ******* **** *** ***** *** ** ** ********* enterprise-level ********** ****** *******. ***** *** ******* *** * **** an ********* **** ** ********* ****-**-**** **** ****** **** ** and ****, ** ***** ***** *** ******* ***** ** ******* in *** ********** *******. *****'* ******** ** ********** *** ** market ** *** ** *****.

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