Strattec Security Corp. STRT

What this company does

Strattec designs and manufactures automotive access products for its customers. Its security and authorization products include mechanical and electronically enhanced locks and keys, fobs, passive entry passive start systems, digital key, and steering column and instrument panel ignition lock housings and related solutions. Its vehicle access product portfolio, derived from an acquisition in fiscal 2009, includes power sliding doors, power tailgates and lift gate systems, as well as power deck lid systems. Direct sales to various OEMs, including Tier 1 suppliers, represented approximately 90% of its total sales for both fiscal 2025 and 2024. A significant portion of its annual sales are to General Motors Company, Ford Motor Company, and Stellantis. Substantially all of its products are manufactured at facilities it owns in the United States and Mexico, including its Milwaukee, Wisconsin facility and three production facilities in Juarez, Mexico. At June 29, 2025, it had 2,848 associates, including 417 in the United States, 2,425 in Mexico and 6 in other countries. Strattec, which has a history serving the automotive industry for over 100 years, was incorporated as a stand-alone company in 1995.

Written from the business description in Strattec Security Corp's annual report to the U.S. Securities and Exchange Commission, filed 25 August 2025. Every sentence was checked against that document before publication.