Allegion Completes Sale of UK Doors & Service Businesses
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, is pleased to announce the completion of the sale of its United Kingdom (UK) door businesses to an affiliate of Alcyon Financial Limited, a financial investment firm. The businesses sold include the Dor-o-Matic™ branded automatic door business, the Martin Roberts™ branded performance steel doorset business and the UK service organization.
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Allegion plc (NYSE: ALLE) creates peace of mind by pioneering safety and security. As a $2 billion provider of security solutions for homes and businesses, Allegion employs more than 8,000 people and sells products in more than 120 countries across the world. Allegion comprises 27 global brands, including strategic brands CISA®, Interflex®,LCN®, Schlage® and Von Duprin®. For more, visit www.allegion.com