Assa Abloy has announced its acquirement of US-based supplier of residential locks and associated hardware, Sure-Loc.
“I am very pleased to welcome Sure-Loc into the Assa Abloy Group,” said Nico Delvaux, President and CEO of Assa Abloy. “This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business.”
Established in 2002 with 45 employees, Sure-Loc’s main office is located in Salt Lake City, USA. Sales for 2020 amounted to about 14 MUSD and the acquisition from Assa Abloy will be accretive to EPS from start.
“The acquisition of Sure-Loc complements our mechanical hardware portfolio, supporting our ambitions to grow our residential business in the US,” said Lucas Boselli, Executive Vice President of Assa Abloy and Head of the Americas Division. “Sure-Loc’s reputation for quality products and excellent customer service reflect our values and I’m excited for them to become part of Assa Abloy.”