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,” says 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,” says 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.”
Forte was founded in 1967 and has some 340 employees. The main office and factory are located in Lima, Peru.