Fortune Brands Home & Security purchased SentrySafe, a North American brand of fire-, water- and theft-resistant security safes, files, chests and other protective containers for residential and light commercial markets.
The price tag was $117.5 million.
The deal brings new avenues of growth to Fortune’s Master Lock division. “SentrySafe’s strength in complementary product categories enable The Master Lock Company to leverage strong iconic brands domestically and internationally,” said Terry Horan, Master Lock president, in a prepared statement.
Founded in 1930, Sentry Group pioneered the fire- and water-resistant protective security container category in mass market, big-box retailers through its innovative products, industry-leading go-to-market strategies and world-class global supply chain.
Lincoln International acted as the exclusive sell-side adviser to SentrySafe.
Jim Brush, CEO at SentrySafe, commented: “Fortune Brands provides us with a tremendous growth platform and is the right strategic partner for SentrySafe moving forward.”