STRATTEC Security Corporation (ticker symbol STRT) is a leading machine-engineering and manufacturing company acknowledged for its design, development and specialized production of automotive access control products. The US-based company, originating from Milwaukee, Wisconsin, currently operates extensively in the North American market and is dedicated to providing innovative security products primarily for the automotive industry.
The inception of the company dates back to 1908 when it was established as Briggs & Stratton Corporation’s lock division. Since then, STRATTEC has undergone substantial evolution and advancement, becoming an independent public company in 1995. Since its split from Briggs & Stratton, STRATTEC has remained a major supplier for this corporation while expanding to serve other renowned customers such as General Motors, Ford, and Fiat Chrysler Automobiles – the "Detroit Three".
STRATTEC Security Corporation's product line predominantly revolves around access control systems, such as electronic and mechanical locks & keys, steering column and instrument panel ignition lock housings, latches, power sliding doors and liftgate actuators. They also offer biometric ignition systems. The company also branched out to extended offerings, providing a more diversified range of products encompassing cable locks, tire security, and motorcycle security.
With its shares traded publicly in the NASDAQ stock market under the ticker symbol ‘STRT’, the company continually focuses on driving shareholder value and corporate growth. With strategic mergers and acquisitions, such as ADAC Strattec de Mexico, STRATTEC has made a considerable international footprint beyond North America.
One of the pivotal attributes of STRATTEC is its unwavering commitment to maintain state-of-the-art technological integration and innovation in its manufacturing processes. Guided by principles of quality and integrity, the company is renowned for its ability to blend modern technological advances with practical usability, ensuring the production of high-quality, reliable and secure products for the automotive industry.
While STRATTEC operates in a competitive business environment, it succeeds in distinguishing itself through its in-depth industry experience, innovative product line, and swift adaptability to changing market trends. As such, STRATTEC Security Corporation remains an important player within the automotive access control industry.