MILWAUKEE, Wis., July 30, 2014 – The Master Lock Company (TMLC) announced today it 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.
“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.
