Allegion (NYSE: ALLE), a Dublin, Ireland-based security products and solutions provider, acquired SOSS Door, a manufacturer of hinges and door hardware.
The amount of the deal was not disclosed.
With the acquisition, SOSS will report into the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi.
Founded in 1903, SOSS is a manufacturer of hinges and door hardware that primarily sells its solutions in North American non-residential markets. the company’s signature SOSS Invisible Hinge as well as fire-rated, heavy-duty and other specialty hinges are used across industrial, commercial and institutional spaces.
Allegion specializes in seamless security accesses and products, with brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. It had $3.7 Billion in revenue in 2023, and its security products are sold around the world.
FinSMEs
21/10/2024