By Anthony Capkun
December 2, 2013 – Allegion PLC, debuted today as a stand-alone, publicly traded company following its spinoff from Ingersoll Rand. The $2 billion-a-year company will be headquartered in Ireland, with regional corporate centers in the U.S., Belgium and China.
“Although we have a new logo and new name, Allegion comprises the same market-leading brands you’ve trusted to deliver quality, reliable products and superior customer service for centuries,” said David Petratis, chair, president and CEO.
Allegion provides mechanical and electronic security products and solutions for homes and businesses in more than 120 countries. It sells products under 23 brands and specializes in security “around the doorway and beyond”.
The company says it intends to selectively pursue strategic acquisitions that complement and enhance its existing business, while investing in R&D and product development.
Allegion’s portfolio includes strategic brands CISA, Interflex, LCN, Schlage and Von Duprin, and other brands including aptiQ, Briton, Bricard, Dalco, Dexter by Schlage, Falcon, Fusion Hardware Group, Glynn-Johnson, ITO Kilit, Ives, Kryptonite, Legge, Martin Roberts, Normbau, Randi, Steelcraft and XceedID.