A lock system for a tool box is disclosed wherein locking is achieved with a lock which is located in a recessed portion along the front wall of the tool box in order to prevent tampering. A latch rod is slidably disposed adjacent a front wall of the box. The lock and the latch rod are disposed such that the lock body blocks the longitudinal movement of a lock engager and maintains the latch rod in the latched position when the lid of the tool box is in the closed position and the lock is locked. When the lock is unlocked, the lock engager is allowed to move past the lock to move the latch rod to the unlatched position thereby allowing the lid of the tool box to be opened. The lock system may be used for a horizontal or a vertical tool box.