SecurityWorldMarket

06/01/2017

Allegion acquires Republic

McKenzie, Tn (USA) and Dublin, Eire

Allegion, plc , a leading global security products and solutions provider, has acquired Republic Doors & Frames, Inc. (Republic) through one of its subsidiaries.

Republic manufactures hollow metal doors and frames, complementing Allegion’s Steelcraft brand and core business in the Americas region. Headquartered in McKenzie, Tenn., Republic generated approximately $20 million in net sales for the period ending Dec. 31, 2015. Additionally, Republic’s footprint includes five regional service centers in Atlanta, Dallas, Orlando, Houston and Seattle that provide for faster servicing of local customers in these key markets.

“By adding Republic Doors & Frames to the Allegion family, we’re expanding our product offering, improving our operating efficiency and growing our distribution footprint,” said Tim Eckersley, Allegion senior vice president and president of the Americas. “This will not only drive growth for us in the U.S., but will enhance the overall customer experience in this sector that’s core to our business.”

Republic’s president, Mike Taylor, will remain in a consulting capacity and focus on a smooth integration. Other members of the Republic management team will become part of the Americas doors and frames business.

“Allegion is committed to providing customers with quality in terms of both product and service, which closely aligns with Republic’s own business values,” said Taylor. “This transaction provides Republic with important opportunities for growth, and I look forward to the role we’ll play in meeting the needs of both Allegion and Republic customers.”

Terms of the transaction were not disclosed.


Tags

Business News

Cyber security vulnerability check list advises on best practice

Farpointe Data has just posted the first radio frequency identification(RFID) Cybersecurity Vulnerability Checklist for access control manufacturers, distributors, integrators and end users to use to protect their access control systems from becoming hacker gateways to their facilities and IT systems. Knowing what to do is especially important now that government agencies, such as the United States Federal Trade Commission, have begun filing lawsuits against businesses that do not provide good cybersecurity practices.

Business News

IoT Security Market worth $29.02 billion by 2022

According to a new market research report on the Internet of Things (IoT) Security Market to 2022, the market is expected to grow from USD 6.62 billion in 2017 to USD 29.02 billion by 2022. The report from Marketsandmarkets covers major IoT security types, such as network security, endpoint security, application security, cloud security, and others. Increasing ransom ware attacks on IoT systems, securing ubiquitous environment, and increasing need for data centric security are the major drivers for the growth of IoT security market.

Business News

Grenfell fire - could it have been avoided?

Euralarm has joined with its UK Member the FIA in expressing its sincere condolences to all those affected by the Grenfell Tower tragedy. In addition, they praise the fire service for its prompt and professional response.  

Notably, in the following statement the organisation says that the knowledge and technology readily exists to avoid such catastrophic fires on such a scale and that it will continue to campaign to improve fire safety legislation. 

Product Suppliers
Back to top