Lock deal is key to growth
Reporter: Martyn Torr
Date published: 09 November 2012
METAL-detection equipment manufacturer Lock Inspection Systems Ltd has been bought by USA industrial giant Illinois Tool Works (ITW) Inc in a deal that will further the Oldham company’s international expansion.
Lock, at Lock House, Neville Street, Chadderton, has been acquired by the UK subsidiary of ITW for an undisclosed sum.
Founded in 1949, Lock is the world’s leading independent supplier of industrial metal detection equipment.
The company is a major supplier of detection equipment to food, pharmaceutical and textile-manufacturing corporations.
The group, which employs around 130 staff, has operations in the UK, USA, France and the Netherlands. Turnover in 2011 was £13.5 million.
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