Opportunistic Acquisitions

In 2017, Allegion announced opportunistic acquisitions that bolster our portfolio of companies and enhance the customer experience in a sector that’s core to our business - doors and frames.

Five Growth Pillars

Opportunistic Acquisitions

At Allegion, we continuously evaluate opportunities to enhance our business. We use a disciplined process to understand why Allegion should own a company, focusing on those that expand our product portfolio, feature new technology and compete in emerging markets. The doors and frames business is one example of investing to build our core.

In 2017, Allegion announced the acquisition of Republic Doors & Frames, which is headquartered in Tennessee. Republic manufactures hollow metal doors and frames, complementing Allegion’s Steelcraft® brand and core business in the Americas region. The company was fully integrated into Allegion in early 2017, and Allegion accelerated its growth throughout the year.

The addition of Republic’s five regional distribution centers to the Allegion family provides for faster customer service and helps to grow our footprint in the door market. A new Dallas Service center also supports one of the hottest markets in the United States, a tremendous benefit for our customers.

According to Tim Eckersley, Allegion senior vice president and president of the Americas, the acquisition of Republic “expanded our product offering, improved our operating efficiency and grew our distribution footprint.”

At the end of 2017, Allegion agreed to acquire QMI, one the Middle East’s largest manufacturers of commercial steel and wood doors and frames. This product offering is closely aligned with Allegion’s core business and specification capabilities, and it provides customers with full-door solutions in the Middle East, including options for pre-installed door sets that are code compliant across multiple markets. Lucia Vegia Moretti, President of EMEIA notes, “Coupled with Allegion’s existing Middle East operation, this will enable us to drive growth more effectively across the region through an enhanced product and service.” 

Welcome to the Allegion family

adsystems-annualreport

AD Systems – founded in 2013 – designs and manufactures high-performance interior and storefront door systems, specializing in sliding and acoustic solutions. AD Systems’ portfolio includes sliding and swinging doors, perimeter frames, door hardware, gasketing, seals and sidelite panels under its ExamSlide™, OfficeSlide™ and InsetSlide™ product brands. These solutions are sought across U.S. healthcare, storefront and commercial office spaces because of their distinct designs that provide acoustics control, privacy and ADA compliance.

Allegion announced its intent to acquire AD Systems February 2018, and finalized the acquisition March 2018.

Visit the AD Systems site (English)
qmi-annualreport

Headquartered in the United Arab Emirates, QMI is one of the Middle East’s largest manufacturers of commercial steel and wood doors and frames. This product offering is closely aligned with Allegion’s core business and specification capabilities, and it provides customers with full-door solutions in the Middle East, including options for pre-installed door sets that are code compliant across multiple markets.  

Allegion announced its intent to acquire QMI November 2017, and finalized the acquisition February 2018.

Visit the QMI site (English)
republic-annualreport

Republic has a long history as a leading U.S. manufacturer of commercial steel doors and frames, including specialty applications, e.g., acoustical, tornado, hurricane and bullet-resistant assemblies.

Allegion acquired Republic January 2017.

Visit the Republic site (English)
tgp-annualreport

Established in 1980, TGP is a leading North American brand of advanced fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems. TGP’s product brands include the FireLite® family of fire-rated ceramic glass, Pilkington Pyrostop® fire-rated wall panels, Fireframes® family of fire-rated frames and others. 

Allegion acquired TGP January 2018.

Visit the TGP site (English)
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Download the PDF for the 2017 Annual Report or previous years.

Download 2017 Annual Report
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Media:
Maria Pia Tamburri - Director, Public Affairs
+1.317.810.3399
Maria.Tamburri@allegion.com

Analysts:
Mike Wagnes - Vice President, Treasury and Investor Relations
+1.317.810.3494
Michael.Wagnes@allegion.com

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