Peruvian padlock manufacturer acquired by ASSA ABLOY

Padlock - ASSA ABLOY acquires Forte

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ASSA ABLOY has announced that it has acquired Forte, a residential door lock and padlock manufacturer in Peru.

Forte was founded in 1967 and has around 340 employees. The main office and factory of the door lock and padlock manufacturer are located in Lima, Peru.

“I am very pleased to welcome Forte into the ASSA ABLOY Group,” said Nico Delvaux, President and CEO of ASSA ABLOY.

“This constitutes an important next step in our strategy to further strengthen our position in emerging markets.”

“Innovative security”

“Forte is a well-known and recognized brand in Peru, focused on high quality, innovative security products and I’m excited for them to become part of ASSA ABLOY,” added Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division.

“This acquisition reinforces our commitment to the Peruvian market and recognizes the value and importance of local brands, products and expertise.”

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