Papaiz

Papaiz is a Brazilian manufacturing company that specializes in the production of locks and latches. With over 60 years of experience, Papaiz has established itself as a reference for quality and security. The company's products are distributed nationwide and exported to over 20 countries across the Americas, Europe, Africa, and Oceania. Papaiz is known for its constant technological and aesthetic innovation, offering a wide range of products including furniture locks, padlocks, residential locks, and hinges. In December 2015, the company became part of the multinational group ASSA ABLOY, a global leader in complete door opening solutions. ASSA ABLOY, formed in 1994 through the merger of Swedish company ASSA and Finnish company ABLOY, boasts a revenue of approximately US$ 8 billion. With over 40,000 employees and operations in more than 70 countries, the group's strength lies in its diverse range of traditional products and innovative technologies, providing comprehensive security and door opening solutions. Despite the lack of specific information about their last investment and investors, Papaiz's longstanding reputation and its affiliation with ASSA ABLOY position it as a promising player in the manufacturing industry, poised for continued growth and innovation.