ASSA ABLOY buys US padlock maker PACLOCK, a $17M business
What's the deal? Sweden's ASSA ABLOY has acquired Pacific Lock Company (PACLOCK)Dealroom has a profile for this one. Try Dealroom →, a US manufacturer of padlocks and security hardware. Terms were not disclosed. The maker of access solutions announced the deal in September 2026.
Who is PACLOCK? Founded in 1998, the company employs about 40 people at its headquarters and factory in Valencia, California. It will join the Residential Business Segment within ASSA ABLOY's Americas Division.
The numbers: PACLOCK reported sales of about $17 million in 2025 with what the buyer called a "strong EBIT margin." ASSA ABLOY said the deal will be accretive to earnings per share from the start.
What's the endgame? ASSA ABLOY, which calls itself the global leader in access solutions, wants to deepen its presence in mature markets. "This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," said president and chief executive officer Nico Delvaux.
Why PACLOCK? Lucas Boselli, who heads the Americas Division, pointed to the target's US-based manufacturing and customer service. He said its "expertise in designing and delivering customized security solutions has made them a trusted partner for customers whose needs extend beyond standard product offerings."
The signal: The deal is a small, bolt-on purchase for a company with 64,000 employees and sales of US$18.4B. It reflects ASSA ABLOY's strategy of buying niche, specialised makers to fill product gaps rather than chasing scale in already mature markets.
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