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Allegion talks on recent acquisitions

Wednesday, May 13, 2015

I saw that Allegion had some interesting news, recently finalizing its acquisition of sliding- and folding-door company Brio, based in Syndey, Australia. I got the chance to hear a bit more about it from Franklin McClelland, Allegion’s VP of business development.

“Brio and Allegion have a strong relationship in New Zealand as well as in Australia, where [the companies] have worked on projects together,” McClelland told me in an email interview. “As we started having more strategic dialogues with Brio’s parent, we came to realize that Brio is very complementary to Allegion: They are involved in specifications for door hardware, and there are synergies in terms of channel.”

Brio’s current GM will still manage the company in its Australia location, McClelland said. “We are working with a great management team [at Allegion], who will continue to grow Brio while creating a complementary platform for the other Allegion lines.”

Brio has an office in Rochester, New York, and has a “growing US presence,” according to McClelland.

Terms of the finalized deal, announced May 4, were not released.

Allegion’s announced the finalized acquisition of Zero International, a little over a month before, on April 1. Zero is a New York based provider of commercial door and window products.

“The Zero International acquisition allowed Allegion to expand its presence in the door and hardware accessories market, and there are synergies in terms of specification and channel,” McClelland said. “The new Zero suite of products gives Allegion an increased emphasis on green building applications that support heating and cooling efficiency, as well as delivering the sound dampening and fire and smoke sealing solutions that commercial customers are seeking.”

“Zero, [like Brio], has a global footprint we can leverage and strengthen for our customers,” McClelland noted.

Figures of the Zero acquisition were also not released.