ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK

ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK, Expanding Its Custom Locking Capabilies.

ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK

ASSA ABLOY has acquired Pacific Lock Company, a US manufacturer of padlocks and security hardware, expanding its product portfolio and manufacturing capabilities in North America.

Founded in 1998, PACLOCK employs around 40 people, with its headquarters and manufacturing facility located in Valencia, California. The company specialises in padlocks and customised security hardware for customers requiring solutions beyond standard product offerings.

PACLOCK will become part of the Residential Business Segment within ASSA ABLOY’s Americas Division.

Deal snapshot · Announced 16 Sept 2026

ASSA ABLOY acquires Pacific Lock Company (PACLOCK)

US$17m

2025 sales
≈ SEK 155m

~40

Employees

1998

Founded

Valencia

California · HQ and factory

Terms

Purchase price: Not disclosed
Margin: “Strong” EBIT margin
EPS effect: Accretive from the start
Source: ASSA ABLOY release 14/2026

Where it lands

Division: Americas
Segment: Residential Business Segment
Specialty: Padlocks and customised security hardware
Rationale: Complementary products in mature markets

Scale · PACLOCK sales against ASSA ABLOY group sales

PACLOCK SEK 155m · ≈0.1%ASSA ABLOY SEK 152bn · 64,000 employees

Sources. PACLOCK figures, segment placement and financial effect from ASSA ABLOY’s press release as reported; SEK equivalent and group figures from the same release. PACLOCK’s 2025 sales equate to roughly one-tenth of one percent of group sales — SEN’s arithmetic. The PACLOCK sliver is drawn at a visible minimum width; its true proportion would be thinner still.

“I am very pleased to welcome PACLOCK to ASSA ABLOY,” said Nico Delvaux, president and CEO of 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.”

According to Lucas Boselli, executive vice president and head of ASSA ABLOY's Americas Division, PACLOCK's US manufacturing operations and experience developing customised security products complement the group's existing business.

ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK 3

“PACLOCK is recognized for delivering high-quality security products that combine reliability, durability, and innovation, backed by US-based manufacturing and exceptional customer service,” Boselli said.

“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 reported sales of approximately $US17 million in 2025, with a strong EBIT margin. ASSA ABLOY expects the acquisition to contribute positively to earnings per share from the outset. The purchase price was not disclosed.

You can learn more about ASSA ABLOY here, discover PACLOCK here or read more SEN news here.

Padlocks, custom keying and security hardware

Follow the deal from both sides

ASSA ABLOY's Australian site covers the group's local portfolio and channel; PACLOCK's site shows the custom padlock and hardware range now joining it. SEN tracks the sector's acquisitions as they land.

ASSA ABLOY Australia PACLOCK More mergers & acquisitions on SEN

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ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK, Expanding Its Custom Locking Capabilies.

ASSA ABLOY Acquires US Padlock Manufacturer PACLOCK