Allegion Acquires Schlage Lock de Colombia

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Allegion plc
ALLE
today announced the acquisition of certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in that country with revenues of approximately US$12 million. The acquisition of certain assets of the privately-owned company, which has distribution in other South and Central American countries, will enable Allegion to leverage its branded residential and commercial product lines to grow its presence in the Spanish-speaking South American security market.
See full press release
Posted In: NewsGuidanceContractsManagementM&AGlobal
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