Assa Abloy Acquires Pacific Lock

STOCKHOLM -- ASSA ABLOY, a developer of secure access technologies, has acquired Pacific Lock Company, a U.S. padlock and security hardware manufacturer based in Valencia, CA.

ASSA ABLOY operates worldwide with 64,000 employees and sales of $15 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation.

"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,” said Nico Delvaux, President and CEO of ASSA ABLOY.

"PACLOCK is recognized for delivering high-quality security products that combine reliability, durability, and innovation, backed by US-based manufacturing and exceptional customer service," said Lucas Boselli, Executive Vice President and Head of the Americas Division. "Their expertise in designing and delivering customized security solutions has made them a trusted partner for customers whose needs extend beyond standard product offerings. We're excited to welcome PACLOCK to ASSA ABLOY and expand our ability to provide customers with high-quality, tailored security solutions that meet their evolving needs."

PACLOCK was founded in 1998 and has some 40 employees. It will be part of the Residential Business Segment within the Americas Division.

Sales for 2025 amounted to about $17 million with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

The PACLOCK team said it does not expect pricing changes outside of its standard annual increase planned for January 2027.

“We’ll continue pushing for the customer service and turnaround times you’ve come to expect from us. You’ll still be working with the PACLOCK team you know, and we’ll continue listening to your feedback, solving problems, and finding ways to do things better.”

For more, go to paclock.com.