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ASSA ABLOY Acquires Forte in Peru

Forte is a leading residential door locks and padlocks manufacturer in Peru.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ASSA ABLOY has acquired Forte, a leading residential door locks and padlocks manufacturer in Peru.

“I am very pleased to welcome Forte into the ASSA ABLOY Group. This constitutes an important next step in our strategy to further strengthen our position in emerging markets,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“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, EVP 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.”

Forte was founded in 1967 and has some 340 employees. The main office and factory are located in Lima, Peru. Sales for 2022 amounted to about MPEN 67 (approximately $18 million). The acquisition will be accretive to EPS from the start.

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