Acquisition Page

A New Chapter for Lawrence Hardware.

In September 2023, Lawrence Hardware was acquired by ASSA ABLOY — the world's leading manufacturer of access solutions. For a brand with roots going back to 1876, this is more than a business transaction. It is a meaningful step forward: greater capability, stronger global reach, and the resources of a world-class organization behind a product portfolio built over generations.

LAWRENCE HARDWARE JOINS THE ASSA ABLOY GROUP

ASSA ABLOY is the global leader in access solutions — a company with 52,000 employees, operations spanning more than 70 countries, and a clear leadership position in door openings, trusted identities, and entrance automation.

Every day, ASSA ABLOY's products help billions of people access physical and digital spaces safely and conveniently.
Lawrence Hardware's acquisition by ASSA ABLOY reflects a shared commitment to the Canadian commercial hardware market — and to delivering products and solutions that meet the real demands of professionals across the construction and building industry.

WHAT THIS MEANS — IN THEIR OWN WORDS

"I am very pleased to welcome Lawrence into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets by adding complementary products and solutions to our core business."
— Nico Delvaux, President and CEO, ASSA ABLOY

"Lawrence is a well-known, respected brand in Canada. This acquisition supports our growth ambitions and commitment to the Canadian market by further strengthening our core business and expanding our product portfolio."
— Lucas Boselli, Executive Vice President, ASSA ABLOY — Head of the Americas Division

THE SAME BRAND. A STRONGER FOUNDATION.

For Lawrence Hardware customers, the acquisition does not change the fundamentals. The products, expertise, and commitment to quality remain exactly as they have always been. What changes is the depth of capability behind them.

  • Manufacturing investment: As part of ASSA ABLOY, Lawrence benefits from continued investment in product development, quality, and manufacturing efficiency across the globe.
  • Supply chain strength: Access to ASSA ABLOY's global supply chain infrastructure supports greater product availability and supply reliability for customers in Canada and internationally.
  • Standards and engineering: ASSA ABLOY's global testing and engineering resources reinforce Lawrence's commitment to certified, standards-compliant products.
  • Long-term stability: Lawrence Hardware is now backed by one of the most established and financially stable organizations in the global access solutions industry.

The Lawrence name stands for what it has always stood for. Now it stands with the strength of a world leader behind it.

ABOUT ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. With 52,000 employees and operations in more than 70 countries, the Group holds leading positions in efficient door openings, trusted identities, and entrance automation. ASSA ABLOY's innovations enable safe, secure, and convenient access to physical and digital places worldwide.

Learn more at assaabloy.com

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