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The dialSpeed lock is battery-operated, has a lit face, and features multiple user-programmable combinations. It has a master unlocking code that can be accessed through the company web site. [17] In 2014, Master Lock acquired SentrySafe for $117.5 million. [18] In May 2023, Master Lock announced its Milwaukee plant would be closing. [19]
In 1921, he founded the Master Lock company in Milwaukee, Wisconsin. [3] The company built locks based on Soref's designs using laminated steel to build strong yet inexpensive locks; he received over 80 patents for his designs. [1] Soref and his wife Bertha had five children. [1] He died in 1957 in Phoenix, Arizona, aged 70. [4]
In the 1890s the company manufactured chain-driven material handling conveyors and bucket elevators for Milwaukee breweries such as the Joseph Schlitz Brewing Company. By 1894 the company began to develop international markets, exporting chains to Europe and opening a sales office in England. By 1913 annual sales reached $1 million.
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Harry Soref founded the Master Lock Company in 1921 and patented an improved padlock in 1924 with a patent lock casing constructed out of laminated steel. Linus Yale Sr. invented a pin tumbler lock in 1848. Linus Yale Jr. improved upon his father's lock in 1861, using a smaller, flat key with serrated edges that is the basis of modern pin ...
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