Integration News
ASSA ABLOY acquires Sure-Loc

ASSA ABLOY has acquired Sure-Loc, a supplier of residential locks and associated hardware in the U.S.

“I am very pleased to welcome Sure-Loc into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO of ASSA ABLOY, in a prepared statement.

“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.”

Sure-Loc was established in 2002 and has some 45 employees.

The acquisition will be accretive to EPS from start.