History and Growth
– Harry Soref co-founded Master Lock in 1921 and invented the laminated steel padlock design.
– The company was initially based in Milwaukee and had five employees.
– In 1924, Master Lock was granted the first patent for their laminated lock design.
– The brand gained recognition after Soref’s death.
– Master Lock was sold to American Brands Corporation in 1970.
– In the early 1990s, the company employed about 1,300 workers in Milwaukee.
– Manufacturing was later moved to China and Mexico, resulting in job cuts.
– In 2011, some manufacturing jobs were returned to the Milwaukee plant.
Product Range and Innovations
– Master Lock produces locks for personal, vehicle, and industrial use.
– They expanded their product line to include safes and security devices.
– The company offers a wide range of padlocks, combination locks, and security products.
– They have patented anti-shim technology for enhanced security.
– Master Lock provides weather-resistant designs for outdoor use.
– They offer keyless entry options with electronic locks and biometric locks with fingerprint recognition.
Market Presence and Global Reach
– Master Lock is sold in over 70 countries worldwide.
– The brand is trusted by consumers and businesses for their security needs.
– They are used in various industries, including education, healthcare, and transportation.
– Master Lock has a strong presence in the North American market.
– The company continuously expands its distribution channels.
Commitment to Quality and Security
– Master Lock is ISO 9001 certified for quality management.
– They have extensive testing and quality control processes.
– The company is compliant with industry standards and regulations.
– Master Lock continuously invests in research and development for improved security measures.
– Many of their products come with a lifetime warranty.
Corporate Social Responsibility Initiatives
– Master Lock focuses on sustainability and environmental responsibility.
– They have reduced their carbon footprint through energy-efficient manufacturing processes.
– The company engages with the community through charitable donations and volunteering.
– Master Lock has employee safety programs and wellness initiatives.
– They collaborate with educational institutions for security education and training.Sources: https://en.wikipedia.org/wiki/Master_Lock