SOURCE: Master Lock

Master Lock

August 10, 2016 08:00 ET

The Master Lock Company Signs Lease to Relocate Global Headquarters to State-of-the-Art Campus to Support Business Growth

MILWAUKEE, WI--(Marketwired - Aug 10, 2016) -  The Master Lock Company, a global leader in security and safety solutions, has announced that it has signed a lease to relocate its global headquarters to a state-of-the-art campus at 6744 Howell Avenue in Oak Creek, Wisconsin. The move will accommodate the company's growth of jobs in support of its Master Lock and American Lock brands, as well as the additional SentrySafe jobs brought to the area.

"In the last five years, The Master Lock Company has experienced strong business growth and a 30 percent increase in jobs in the U.S. alone. In 2015, we had net sales of more than $550 million, a 15 percent increase over the prior year. This campus offers significantly more space and other features to support our continued growth and will help us attract the top local talent we need to be successful in the future," said Mike Bauer, president, The Master Lock Company.

The new location in Oak Creek provides The Master Lock Company with significantly more work space and an open floor plan on a 26+ acre campus with two interconnected buildings, walking paths, a 250-person amphitheater, conference rooms featuring leading edge-technology and an on-site cafeteria. It is in close proximity to Oak Creek's significant office and commercial park development initiatives; only 11 miles from downtown Milwaukee; and is conveniently located just three miles from General Mitchell International Airport and an Amtrak Station, and just steps to local public transportation.

The company will take possession of the building this fall and will begin making planned renovations with already-selected design and architect partners. It will be designed with more collaboration areas in order to create an inspiring environment aligned with our corporate values of Integrity, Teamwork & Winning. The expected move will take place in early 2017.

"We're pleased that Master Lock has committed to staying in Oak Creek. As one of our largest employers in the city, we value their dedication to our community. We look forward to their transition to the new location," said Steve Scaffidi, Mayor, Oak Creek.

To support its growth, the company is actively seeking to fill many open positions that span all areas of the business including IT, customer service, engineering, marketing, supply chain and more.

"This is an exciting time in the history of our business -- and a great time to join our company. We've had a strong start to 2016, we are hiring to fill newly-created positions and our state-of-the-art facility will accommodate our growth and help us attract the best talent," said Bauer.

The Master Lock Company is the security segment of parent company Fortune Brands Home & Security, Inc., and has been located in the greater Milwaukee County area for nearly 95 years with other locations around the world including Canada, Mexico, U.K., Europe and parts of Asia. Its U.S.-based manufacturing facility has been located in the city of Milwaukee since 1921.

After an extensive search for a new location both in Wisconsin and other states, the company made a recommitment to Oak Creek -- and the Milwaukee County region -- based on the availability of strong talent across numerous fields, potential economic investment by local government, a robust business community, close proximity to top schools and colleges, as well as access to quality and affordable housing for its associates.

About The Master Lock Company
The Master Lock Company offers a broad range of innovative security and safety solutions for consumer, commercial and industrial end-users. The Master Lock Company's mission is to provide peace-of-mind and protection where people live, work and play. Master Lock Company LLC is an operating unit of Fortune Brands Home & Security, Inc., a leading consumer brands company. Headquartered in Deerfield, Ill., Fortune Brands Home & Security Inc. (NYSE: FBHS), is included in the S&P 500 Index. For more information about Master Lock visit www.masterlock.com.

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