ASSA ABLOY, a global pioneer in access solutions, has successfully acquired Pacific Lock Company (PACLOCK), a prominent US-based manufacturer of padlocks and security hardware.
This strategic acquisition aims to enhance ASSA ABLOY's market position by integrating PACLOCK's complementary range of products and services into its core offerings.
Strategic expansion in mature markets
Nico Delvaux, President and CEO of ASSA ABLOY, expressed his satisfaction with 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."
His comments underscore the company's focus on bolstering its product portfolio to meet diverse customer needs.
High-quality security solutions
PACLOCK's expertise in customised security solutions has established them as a trusted partnerLucas Boselli, Executive Vice President and Head of the Americas Division at ASSA ABLOY, praised PACLOCK's reputation for quality. "PACLOCK is recognised for delivering high-quality security products that combine reliability, durability, and innovation, backed by US-based manufacturing and exceptional customer service," he remarked.
He added that PACLOCK's expertise in customised security solutions has established them as a trusted partner, thus aligning well with ASSA ABLOY's commitment to providing tailored, high-quality security solutions.
Details about PACLOCK
PACLOCK, established in 1998, employs about 40 people and operates out of its headquarters and factory in Valencia, California. It will now be integrated into ASSA ABLOY's Residential Business Segment within the Americas Division. In 2025, PACLOCK reported sales of approximately USD 17 million (around SEK 155 million), showing a robust EBIT margin. The acquisition is expected to be accretive to earnings per share (EPS) from the outset.
