Forte Group to sell entire shareholding to Assa Abloy

Cuatrecasas has advised the shareholders of Grupo Forte, S.A.C., the leading residential door locks and padlocks manufacturer in Peru, on selling its entire shareholding to Assa Abloy.

Founded in 1967, the Forte Group is a family business focused on the manufacture of security products for the locks and padlocks market. Assa Abloy, headquartered in Sweden, is the global leader in access solutions, including efficient door openings, trusted identities and entrance automation.

Oscar Trelles, managing partner of our Lima office and lead counsel of the transaction, comments: “The Forte Group has built a solid reputation for quality and innovation in the local market, and we are convinced that it will continue to grow and prosper under Assa Abloy, the global access solutions leader. The agreement reflects Peru’s resurgence as an attractive foreign investment destination, particularly in sectors with a high potential for development and consolidation.”

Our partner Juan Pablo Porto and associates María Fe Álvarez and Stephanie Torres also participated in the Cuatrecasas advisory team.