Kwikset

Last updated
Kwikset
Company type Subsidiary
Founded1946;78 years ago (1946)
Founders Adolf Schoepe
Karl Rhinehart
Parent Assa Abloy
Website kwikset.com

Kwikset is an American lock and lockset manufacturer owned by Assa Abloy. Originally Gateway Manufacturing Company, Kwikset was founded in California in 1946 by Adolf Schoepe, and Karl Rhinehart. [1]

Contents

The current name for the company was derived from the company's first locks, which pioneered the then-revolutionary tubular lock design, which was relatively fast to install. Kwikset key blanks (KW1, Ilco 1176, Axxess 66) are available at almost every location where keys can be made.

Kwikset currently has manufacturing facilities in Denison, Texas; Charlotte, North Carolina; and Mexicali, Mexico. Kwikset also has a facility in China. Kwikset previously had manufacturing facilities in Anaheim, California; Bristow, Oklahoma; and Waynesboro, Georgia; but starting in 1996, these facilities were closed in a consolidation of operations to the Mexicali facility. Kwikset's Corporate headquarters is in Lake Forest, California.

History

Adolph Schoepe and friend [2] Karl Rhinehart founded Gateway Manufacturing Company in South Gate just before the end of World War II. They manufactured locks under the Kwikset brand. They moved the company to Anaheim in 1948. [2] During the Korean War, demand plummeted, but the company took a risk, producing more goods than they could sell. When demand surged after the war, their ability to supply goods from the earlier manufactured stock cemented a position as the largest United States supplier of locks. [2]

Rhinehart retired in 1952. Schoepe sold the company in 1957, [2] to American Hardware Corporation. They merged with Emhart Manufacturing Corporation in 1964. Black & Decker purchased the company in 1989.

In 1992, Kwikset introduced its higher quality, high-security Titan product line. Around the year 2005, the line was rebranded as the "Signature Series".

In March 2010, Black & Decker was purchased by Stanley Tools. Kwikset subsequently became part of the Hardware and Home Improvement (HHI) Group of Stanley Black & Decker, which also owned lockset manufacturers Weiser and Baldwin. Kwikset evolved to include many Weiser features, and Weiser locks now use Kwikset's "SmartKey" self-rekeyable lock technology and Kwikset keyways.

On October 9, 2012, the Wall Street Journal reported that Spectrum Brands Holdings, Inc. had agreed to acquire the HHI division from Stanley Black & Decker's, including Kwikset, and that the transaction was slated to close by December 31, 2012.

On September 8, 2021, Assa Abloy announced that it had signed a definitive agreement to acquire Spectrum Brands' HHI division, including Kwikset, among other brands, for a purchase price of $4.3 billion. [3] [4] The transaction was initially expected to close in the fourth quarter of 2021 [3] [5] . On June 20, 2023, the purchase of the "HHI" division of Spectrum Brands was competed, this included the Kwikset brand [6] .

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References

  1. ↑ Orozco, Helen (May 9, 2016). "130/366 Lock and Keys" . Retrieved January 1, 2018.
  2. 1 2 3 4 Rowe, Jeff (1986-05-20). "He and His Company Have Given Toilets a New and Water-Saving Image". Los Angeles Times. Retrieved 2023-01-04.
  3. 1 2 "ASSA ABLOY to acquire Hardware and Home Improvement ("HHI") division of Spectrum Brands" (Press release). ASSA ABLOY. 2021-09-08. Retrieved 2021-09-10.
  4. ↑ Rhodes, Brian (2021-09-09). "Assa Abloy Acquiring HHI / Kwikset". IPVM. Retrieved 2021-09-10.(Subscription required.)
  5. ↑ "Update on timing of ASSA ABLOY´s acquisition of the Hardware and Home Improvement ("HHI") division of Spectrum Brands" (Press release).
  6. ↑ "ASSA ABLOY´s acquisition of HHI and the divestment of Emtek and the Smart Residential business in the U.S. and Canada have been completed" (Press release).
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