Kirk Key Interlock Company, LLC
"Since acquisition it has been refreshing to look at our business in a whole new light and apply the best practices we've seen from our sister companies."
Scott Life, President of Kirk Key Interlock Company, LLC
Halma acquired Kirk Key Interlock Company, LLC in May, 2011. Kirk Key manufactures and sells safety systems to safeguard people and plant equipment in industrial environments. Kirk Key is based in Ohio, USA.
Halma recognised that Kirk Key was a well-managed business with an experienced management team. The company complements companies in Halma's Process Safety sector and gives strategic advances into the US market.
Jim Owens, previous owner and CEO of Kirk Key, was looking to leave the company and its employees in good hands:
"When I first purchased Kirk in 2000, Halma introduced themselves to me and we stayed in contact over the years. When I decided that it was time to retire, I wanted to make sure that whoever we sold to would be a good fit for the employees; my two sons-in-law remained with Halma," Jim said, "Halma was very upfront and fair in all our negotiations. They have since done everything they said they would and added financial strength to Kirk."
Negotiations took place directly between Kirk Key and Halma and the process took 4 months with no turnover of personnel.
Scott Life, President of Kirk Key says: "For me, what really makes the difference is that Halma has an experienced management team who is knowledgeable about our industry and appreciates what we're trying to achieve. Halma has a successful track record of acquisitions and it has perfected the balance between helping out and staying out by trusting local management to drive the growth strategies at the subsidiary level."
Since joining, Kirk Key has taken advantage of the larger group, working collaboratively with other Halma companies to develop new products and geographic alliances. Kirk Key has also benefitted from Halma's training programmes, HEDP and HMDP*, and has accepted a new graduate from the Halma Graduate Development Programme.
Read the Kirk Key deal announcement.
*HEDP: Halma Executive Development Programme
HMDP: Halma Management Development Programme