Cult Polish lock brand acquired by Swedish Assa Abloy

Locks manufacturer LOB SA, owner of the iconic Yeti brand has been acquired by a Swedish Assa Abloy, an electromechanical security producer. LOB SA has been founded some 90 years ago and produces nearly 600 different security products, including the Yeti keylocks. According to the Assa Abloy representative, the acquisition was made to “strengthen its position on the market and strive for even greater diversification of the product offer. It is also part of a long-term strategy of constantly increasing engagement in emerging markets.” As Joanna Skalbaniok from Assa Abloy added it plans to maintain the acquisitions “local specificity.” It will also invest in modernization of LOB production pant to automate it.