STOCKHOLM: ASSA ABLOY has acquired Pacific Lock Company, a U.S. manufacturer of padlocks and security hardware, the access solutions company announced.

PACLOCK, founded in 1998, employs about 40 people at its headquarters and factory in Valencia, California. The company will join the Residential Business Segment within ASSA ABLOY’s Americas Division.

“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 reported sales of about $17 million in 2025, with a strong EBIT margin. ASSA ABLOY said the acquisition will be accretive to earnings per share from the start.

Lucas Boselli, executive vice president and head of the Americas Division, said PACLOCK is known for high-quality security products that combine reliability, durability and innovation, supported by U.S.-based manufacturing and customer service.

“Their expertise in designing and delivering customized security solutions has made them a trusted partner for customers whose needs extend beyond standard product offerings,” 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.”

ASSA ABLOY, headquartered in Sweden, describes itself as the global leader in access solutions. The company operates worldwide with 64,000 employees and sales of 152 billion Swedish kronor.