UAP Acquires Locking Systems
Published on 22 January, 2020Latest News
We are very pleased to announce that we have acquired Newcastle-based company Locking Systems, an independent supplier that provides locking cylinders and a personalised masterkeying service to locksmiths and architectural ironmongery companies throughout the UK.
Locking Systems operates in Gateshead and offers its customers a range of cylinder solutions varied by the requirements of security and masterkeying; their cylinder solutions can be tailored perfectly to individual needs. Locking Systems boasts over 200 years of combined employee experience, giving them a wealth of knowledge for designing some of the most complex suites in use.
David Jennings, CEO of UAP Limited says: “This move will not only strengthen our own master suite offer, but also give us a significant entry into the commercial lock market including the architectural ironmongery sector.
This is a very positive strategic move by us, and reinforces our goal of being the best euro cylinder supplier in the market.”
In addition to Locking Systems, UAP have also acquired the FIREMONGERY brand from Laidlaw. We intend to run this brand under Intelligent Hardware and offer a range of “Compliance Made Easy” fire rated products.
Acquisition has become a key part of the UAP strategy, supported by significant private equity funding from Maven Capital Partners, following the management buyout of UAP Limited in September 2018.
This purchase is the first of two planned acquisitions for 2020, with others under negotiation. We would like to remind company owners in the industry that if you are finding the market difficult, consider approaching us to join the UAP group.