In our current American business society, corporate acquisitions are not something new. When it comes to Falcon Lock company(widely being used by locksmiths all over the country), that was certainly the case. Falcon Locks began its a way as a division of Weiser Lock company in 1962 in South Gate, CA. Fred Russell, the owner of the company back then did some research and came to determine that Best® Lock company took over the military, gas, oil and telephone company across the country with the interchangeable core market.
Russell, who had acquired what he believed to be a saturation in the residential market, was determined to achieve a large growth in the commercial market as well. By this point, Falcon had now developed heavy duty grade commercial lock-sets which Best® was not manufacturing at the time. Russell approached Best® in 1967 in an attempt to sell the product, as he was not interested to continue with this line. However, Best® company did not seem to be interested in adopting this particular line. Thus Falcon began the manufacture of interchangeable cores to compliment their housings. However, during this time and the nature of the business, Best® filed a lawsuit against Falcon based on patent infringement. Best® lost the lawsuit because of the fact that their particular patents had expired and Falcon's cores were much more different different.
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