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Medeco bought by Master Lock??

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nsquidc

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Posts: 89

Joined: Thu Jul 28, 2011 11:45 pm

Location: United States

Post Wed Apr 02, 2014 12:23 am

Medeco bought by Master Lock??

Just reported on AP Wire :eyepop: :eyepop:

Standards and Poor is reporting that Assa Abloy Group will sell their Medeco subsidiary to Master Lock in an undisclosed tender offer. "Master Lock is the undisputed leader in secure locks in the American market," a spokesperson stated, "so it only made sense that we brought our expertise to the high security market as well."

Really??? Are we about to see bump stop pins taking over the U.S.?? :(

Full story can be accessed here (WSJ subscription maybe required): http://tinyurl.com/c3z8383
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GWiens2001

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Lock-Goblin-Gordon
Lock-Goblin-Gordon

Posts: 3460

Joined: Fri Oct 26, 2012 3:05 am

Location: Arizona, United States

Post Wed Apr 02, 2014 12:34 am

Re: Medeco bought by Master Lock??

I was about to comment on today's date, but it seems you were expecting it. :-)

Gordon
Just when you think you've learned it all, that is when you find you haven't learned anything yet.
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VancouverSpecial

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Active Member

Posts: 290

Joined: Mon Feb 03, 2014 10:29 am

Location: Vancouver, BC - Canada

Post Wed Apr 02, 2014 2:50 am

Re: Medeco bought by Master Lock??

hook, line and sinker - well played sir, well played.

cheers,
vancouverspecial
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piotr

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Contributor
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Joined: Thu Nov 25, 2010 9:59 am

Location: Victoria, Australia

Post Wed Apr 02, 2014 3:00 am

Re: Medeco bought by Master Lock??

Very good! :smile:
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flywheel

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Posts: 650

Joined: Tue Dec 31, 2013 8:08 pm

Location: USA

Post Wed Apr 02, 2014 4:06 am

Re: Medeco bought by Master Lock??

Brings up the question, what does Master Lock own?
Do they own American? How has quality been affected?

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