Wesko Locks Ltd.
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Wesko Locks Ltd. - overview
Established
1991
Location
Mississauga, ON, Canada
Primary Industry
Consumer Products
About
Founded in 1991 by Florian Westwinkel and based in Ontario, Canada, Wesko Locks Ltd. operates as a manufacturer and supplier of electronic and specialty locks. Some of the firm's clients include Knoll, Teknion, Unicor, Allsteel, etc. In June 2024, ASSA ABLOY AB, a portfolio company of Investment AB Latour and Schörling, acquired Wesko Locks Ltd.
Wesco Locks as of June 2024, has manufacturing facilities strategically located in Toronto, Canada, and offshore, serving a diverse clientele spanning North America, the UK, and Europe, including US and Canadian federal government contracts. The company supplies specialized locking systems tailored for the office furniture and storage industries, globally. Wesko Locks boasts a robust portfolio of products including cam locks, drawer locks, cabinet locks, and file cabinet locks. The advanced locking system components include anti-tipping and central locking systems.
Additionally, their product line extends to high-security locks, vending, and gaming locks, as well as locks for glass and display cabinets. Wesco Locks generates revenue by offering its locks products offline as well as online. Some of the products available on its e-commerce website include File Cabinet Lock CAD 24. 95, Replacement Lock Core at CAD 9.
95, 3/8" Cam Lock Kit at CAD 5. 15, etc.
Current Investors
ASSA ABLOY AB
Primary Industry
Consumer Products
Sub Industries
Consumer Products
Website
www.weskolock.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Wesko Locks Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Wesko Locks Ltd. | - |
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