ILAG | Market Cap: $8.0M (07/13/26)
Industry:
Capital Goods
This is a foreign company. We support some foreign companies, but data availability limits the content we can provide.

DESCRIPTION

Intelligent Living Application Group (ILAG) manufactures and sells mechanical door locksets — deadbolts, entry locks, privacy locks, and passage locks — primarily to customers in the US and Canada. ILAG has been in this business for over 40 years, manufacturing at its factory in Dongguan, China and selling through Hong Kong-based trading subsidiaries. The company operates as an ODM supplier, designing and producing locksets to customer specifications for importers, builders, and the construction market. ILAG also sells a self-branded line called "Bamberg" through e-commerce channels like Amazon and in Southeast Asia, though this is a smaller part of the business. Roughly 78% of revenue comes from the US market. ILAG's products span a range of price points and finishes, and one differentiating capability is custom keying services — including Keyed Alike, Master Keyed, and Construction Keyed systems — which few Asian manufacturers offer. The core economics are driven by raw material costs (primarily iron, zinc alloy, and stainless steel), production volume across a facility with annual capacity of roughly 6 million locksets, and US tariff exposure, since nearly all manufacturing is in China while most revenue is US dollar-denominated. ILAG terminated a smart lock initiative in late 2025, citing insufficient funding and headwinds from US tariffs on Chinese goods and a soft US residential real estate market.

Read full business overview →