Master Lock Acquires Sentry Safe
The Master Lock Company (TMLC) has made a strategic acquisition of Sentry Safe, a leading producer of personal safes and protective security containers. The combined companies bring incremental growth opportunities that will allow TMLC to leverage a global network and enter new segments, add meaningful scale to its existing operations and gain innovation and channel expansion opportunities. The transaction was valued at $117.5 million.
“Sentry Safe’s strength in complementary product categories enable The Master Lock Company to leverage strong iconic brands domestically and internationally,” said Terry Horan, president, TMLC. “We are excited about the growth opportunities we will now have together to drive innovation and leverage global distribution and manufacturing capabilities.”
The Master Lock Company and Sentry Safe have leadership positions in their markets and strong consumer brand awareness. Sentry Safe is headquartered in Rochester, New York with manufacturing facilities there and in Cannelton, Indiana. The addition of Sentry Safe will provide annual revenue of approximately $150 million.
“Both companies are a natural fit and each represent the strongest brands in their respective consumer categories-- with a rich heritage and combined history of more than 175 years,” said Horan. “We are pleased to add Sentry Safe to our portfolio of brands.”
Master Lock Company LLC is an operating unit of Fortune Brands Home & Security, Inc., a leading consumer brands company. Headquartered in Deerfield, Ill., Fortune Brands Home & Security, Inc. (NYSE: FBHS) is included in the S&P MidCap 400 Index. For more information about Master Lock, visit www.masterlock.com.
Sentry Safe produces more fire-resistant chests, files, safes and security storage containers than any other company in the world. The family-owned company's manufacturing headquarters is in Rochester, New York, and sales operations exist in the U.S., Canada, Japan and the U.K., distributing products to more than 54 countries worldwide. For more information, visit www.SentrySafe.com.
Hudson Lock, HPC Announce Merger
Hudson Lock President / General Manager Robert J. Sylvia announced the merger of these two companies July 22 in a letter to customers.
“I have the great pleasure of announcing that on July 22, 2014 - HPC Inc. a Chicago IL based company known worldwide as both a designer and manufacturer of quality, revolutionary key machines, key cabinets, car openers, pick sets, locksmith software, door guards and locksmith tools, has merged with Hudson Lock LLC & ESP Products, a subsidiary of Waveland Investment, LLC of Highland Park, IL. Since 1963, Hudson Lock and ESP Lock have been designing and manufacturing highly engineered, custom and specialty medium-security locks and locking systems to meet customers’ specifications, from their headquarters facility in Hudson, MA. In 2004, Hudson Lock and ESP Lock Products was acquired by Waveland Investments and senior management,” the letter states.
It continues: “We hope you will join us in celebrating this merger which will provide tremendously exciting opportunity for you our valued customers. We look forward to bringing to you a full range of product lines as well as a quality of service unmatched by any other manufacturer.
You will hear much more about this merger in the near future, but we wanted to communicate this information to you as soon as possible. If you have any questions, please do not hesitate to call me or any of your current Hudson Lock or HPC representatives.”
Tri-Ed Acquires SecurityPro Warehouse
Tri-Ed announce its further expansion with the acquisition of SecurityPro Warehouse (SPW), a leading wholesale security distributor in the Louisiana market.
Tri-Ed will maintain the SPW location at 3307 Kingman Street, Metairie, LA and move its current New Orleans branch into that 10,000-square-foot facility.
“Mike and Kathy Brown have built a terrific business in the Louisiana market and we look forward to having them as part of our team. We are very excited to welcome the SPW staff to the Tri-Ed family and exceed the expectations of security professionals in this market,” notes Pat Comunale, President and Chief Executive Officer.
SPW opened in 2000 as a full service wholesale distributor of security products and related equipment. With over 40 years of combined experience in the security industry, the SPW team has been servicing the Louisiana, Mississippi and Gulf Coast regions for almost 15 years.
In response to recent growth, TRI-ED has created four new Regional Manager positions and has promoted the following four staff members to these new areas of responsibility.
- Amanda Hoskins, Regional Manager, Seattle, WA and Portland, OR
- Mark Migliaccio, Regional Manager, Boston, MA and Milford, CT
- Dan Cummings, Regional Manager, Charlotte & Raleigh, NC and Virginia Beach, VA
- Todd Stephan, Regional Manager, Pittsburgh, PA, Cincinnati, OH, Buffalo, NY and Detroit, MI
"On behalf of everyone at TRI-ED, I extend my congratulations to Amanda, Mark, Dan and Todd and wish them much success in their new roles," says Mark Ingram, TRI-ED's Vice President of U.S. Sales.
With over 60 locations across the US and Canada, Tri-Ed provides state-of-the-art solutions from the industry’s leading manufacturers of CCTV, IP, access control, fire, intrusion, sound, communications, structured cabling, and home automation products. For more information, visit www.tri-ed.com.
Secura Key Appoints Southwest Sales Manager
Secura Key (www.securakey.com) announces that Jose Alcacer-Mackinlay has joined the company to further develop their growing distribution and system integrator business in the Southwest U.S. Alcacer-Mackinlay has over 15 years of experience as a high-level Business Development Director and Manager in the Digital Media, Broadcast and Telecommunications Industry, having worked for GDS-NET, Irdeto Access, and Alcatel-Lucent.
Alcacer-Mackinlay joins Secura Key as Southwest Regional Sales Manager to continue Secura Key’s recent success in developing business with many of the top Security Distributors in the U.S. “I am excited to start a new challenge within Secura Key and look forward to working with the team to further increase our sales performance in the Southwest. I am fortunate to be joining such a respected company with a reputation for quality, reliability and value,” he says.
Charles Anthony, V.P. of Sales & Marketing said “Jose’s wealth of experience has already made him a key addition to the Secura Key family. We view his appointment as a sign of our commitment to being the leading company in our market segment. Our new innovations and the increasing demands from our customers led us to look for an addition to our team with global experience and a technical background, and it is very fortunate that we were able to find someone of Jose’s caliber to fulfill this role. Although Jose is starting with the Southwest U.S., I’m confident that Jose will play a key role in expanding our footprint in the Americas.”
Secura Key, based in Chatsworth, Calif., provides software-based systems with proximity and contactless smart card technology, and also supplies HF readers and credentials to the RFID industry, as well as UHF cards and keytags. Secura Key also offers in-house custom card manufacturing and 4-color printing in a wide variety of card technologies.
