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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.
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