As of Monday, Yale, and in turn ASSA Abloy now own Paddock. The takeover was announced over a month ago, but with all the usual checks and procedures involved in buy-outs, this prolongs the process slightly. Speaking with the guy, it seems ASSA Abloy now seem to own just about all of the major locks and hardware companies worth buying. I put it to him that with all the companies they are getting themselves involved with, is there a risk that with such a large and expanding group, could the lines between them blur and could product and service quality suffer (I know he was just an engineer but he seemed a pretty knowledgeable guy)? He assured me that when ASSA buy out companies, they try not to integrate them too much. Simply, they buy them, pocket the company, make them use the Yale brand, but leave them to run the company as they see fit…for now anyway.
The ASSA Abloy Group is now that huge that if you work in any sector that even comes close to windows and doors, your going to be purchasing from a company within that umbrella, and not just here, all over the world. Below is a list copied from a Wikipedia search highlighting why they are the biggest in the world:
Arrow Lock and Door Hardware
Interlock USA Inc.
It is also probably worth noting that Union, Chubb and Yale have companies within their portfolio.
If you want an example of how to build a HUGE business portfolio internationally, take a look at the ASSA Abloy group.