SINCE Victorian times, lock manufacturer Pickersgill-Kaye has provided peace of mind for businesses around the world.
Today, the firm is entering a new era after being acquired for an undisclosed sum by ASSA ABLOY, a major global player in the door security market.
Leeds-based Pickersgill-Kaye, which has an annual turnover of around £4m and employs 50 people, will continue to operate as an independent business and keep its management team.
Neil Vann, the market region manager of ASSA ABLOY UK, said: “I am very pleased to welcome Pickersgill-Kaye. They bring high performance, complementary products and a wealth of experience in the rail and high security sector that will further strengthen our team and businesses in the UK.”
Peter Murphy, Pickersgill-Kaye’s managing director, said: “The acquisition will enable Pickersgill-Kaye to develop new products and penetrate existing and new sectors both in the UK and overseas. We are excited to become a part of ASSA ABLOY as they bring a wealth of technology, innovation and industry leadership to the continued success of our businesses.”
The company was founded in 1855 as Joseph Kaye & Sons in Horsforth, Leeds. Initially involved in the manufacture of oil cans, it diversified into specialised design and manufacture of Kaye’s patent door locks for the UK’s architectural and rail industries.
In 1970 Harry and David Pickersgill, the tooling designers and manufacturers, bought the Joseph Kaye assets and incorporated the new company as Pickersgill-Kaye. The company moved to its current site at Pepper Road, Hunslet in 1980.
In recent years, Pickersgill-Kaye has worked on a range of projects around the world. In North America, the company supplied Axion Technologies with passenger alarms for fitting to Toronto Transit Rocket subway cars and locomotive cab door locks to several US train companies.