The Master Lock Company (TMLC) announced last week that it has acquired Sentry Safe, a leading producer of personal safes and protective security containers. According to a statement, the combined companies bring incremental growth opportunities that will enable Master Lock 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 of TMLC. “We are excited about the growth opportunities we will now have together to drive innovation and leverage global distribution and manufacturing capabilities.”
Sentry Safe is headquartered in Rochester, New York with manufacturing facilities there and in Cannelton, Ind. 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.”