This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. (December 2018) (Learn how and when to remove this template message)
|Industry||Locks, Home Security, Burglar Alarms, Safes, Door Viewers, Window Locks, Smart digital locks, IP-cameras, Padlocks|
|Founder||Linus Yale, Jr.|
Yale is one of the world's oldest lock manufacturers, owned by Assa Abloy. Over its long history, Yale has received patents for dozens of its products and the company has distributed its products to more than 120 markets, including Australia, Greece, India, Kuwait and etc. Yale's headquarters are located in Stockholm.
In 1868, the business was founded in Stamford, Connecticut by Henry R. Towne and Linus Yale, Jr., an inventor of the pin tumbler lock. The founding name of the corporation was Yale Lock Manufacturing Co. and later the name was changed to Yale & Towne.
In the early 20th century, the company expanded its international sectors and engaged in global market by conducting partnership, mergers and acquisitions, and joint ventures with other companies in the same industry. In addition, the firm increased employment to more than 12,000 people, along with the business expansion.
As one of its business expansions, Yale established a British operation by acquiring the business of H&T Vaughan, a long- established lock manufacturer in Wood Street, Willenhall. The acquisition allowed the firm to be the historic centre of the British lock industry, and became the major employer in the town.[when?]
Then, the British Yale became involved in the early motor industry and supplied locks to various manufacturers when the cheaper diecast-based leaf tumbler technology became available. Yale saw an unexpected revival of activity in the motor trade from the 1960s onwards when security fitters adopted its "M69" window lock as a simple add-on fitting to prevent theft, especially on vans. This trend continued until the early 1990s, when it was superseded by electronic devices.
The firm continued to supply all lock requirements to Rolls-Royce Motors until 1991, when there was an acrimonious parting. However, the British business had been sold by its parent to merge with the Valor Company to form Yale & Valor in 1987. After a further takeover by Williams Holdings, various sections of the Willenhall operation and outlying operation such as their diecasting foundry were closed.
In March 2000, the remainder of the British business, especially Yale Security subsidiaries, was sold to Assa Abloy which were producing fire alarm systems, burglar alarms and glass break detectors.
Between July 2012 and late spring of 2013, Assa Abloy started to relocate Yale's factories from Lenoir City, Tennessee, their home since 1953, to Berlin, Connecticut.
- Yale-Cady Octagon House and Yale Lock Factory Site
- Business Technology Association
- Chubb Locks
- Westminster Group
|Wikimedia Commons has media related to Yale Lock Company.|