ASSA ABLOY has announced the acquisition of Pacific Lock Company (PACLOCK), a well-established manufacturer of padlocks and security hardware based in the United States.
This strategic move aims to enhance ASSA ABLOY's portfolio by incorporating PACLOCK's innovative security solutions and expanding its reach within mature markets.
Strategic Acquisition to Strengthen Market Position
Nico Delvaux, President and CEO of ASSA ABLOY, expressed enthusiasm for the acquisition, stating, “I am very pleased to welcome PACLOCK to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business.”
This indicates a clear direction for growth and integration within the company's existing operations.
PACLOCK's Expertise and Commitment to Quality
The acquisition strengthens ASSA ABLOY’s ability to deliver tailored security solutionsLucas Boselli, Executive Vice President and Head of the Americas Division at ASSA ABLOY, highlighted the strengths of PACLOCK. He remarked, “PACLOCK is recognized for delivering high-quality security products that combine reliability, durability, and innovation, backed by US-based manufacturing and exceptional customer service. Their expertise in designing and delivering customized security solutions has made them a trusted partner for customers whose needs extend beyond standard product offerings.”
The acquisition underscores ASSA ABLOY's commitment to expanding its capabilities in providing tailored security solutions.
Company Overview and Financial Highlights
PACLOCK, established in 1998, is a company with approximately 40 employees, headquartered in Valencia, California. It will join the Residential Business Segment under ASSA ABLOY's Americas Division.
In 2025, PACLOCK reported sales of roughly 17 million USD (approx. 155 million SEK) and maintained a robust EBIT margin. ASSA ABLOY anticipates that the acquisition will positively impact earnings per share from inception, indicating a financially advantageous move for both companies.
