Allegion plc Acquires Trimco Hardware

Allegion plc, a security company based in Dublin, Ireland, has acquired Trimco Hardware, a North American manufacturer of custom-designed door hardware. This acquisition expands Allegion’s presence in the commercial and institutional markets.

Key Details of the Acquisition

• Allegion plc acquired Trimco Hardware, a North American manufacturer of custom-designed door hardware
• The acquisition expands Allegion’s presence in the commercial and institutional markets
• The acquisition is expected to boost Allegion’s offerings and services

Market Reaction

Allegion’s stock price has been underperforming the S&P 500. Some investors have questioned the company’s growth prospects. However, the company’s recent acquisition and focus on providing innovative security solutions suggest a promising future.

Company Background

Allegion plc is a security company based in Dublin, Ireland. The company provides a range of security solutions for commercial and institutional markets.