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Allegion Acquires Trimco Hardware, Bolstering Americas Portfolio with Another Market Leader

1. Allegion acquires Trimco Hardware to expand its door hardware offerings. 2. This acquisition targets the commercial and institutional markets in the U.S.

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FAQ

Why Bullish?

The acquisition of Trimco enhances Allegion's product portfolio and market reach. Historically, similar acquisitions have positively affected stock prices by expanding operational capabilities and driving revenue growth.

How important is it?

The acquisition of Trimco is a significant strategic move for Allegion, likely to enhance competitive positioning and drive future revenue.

Why Long Term?

The integration of Trimco is expected to create enduring growth opportunities within Allegion's commercial segment, impacting financial performance over time.

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AOSMASJCI
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, through its subsidiaries, has acquired privately held Trimco Hardware (Trimco), including its brands and other assets. Trimco is a leading North American manufacturer of high-performance and custom-designed door hardware primarily sold in the U.S. for commercial and institutional markets. The company, which is based in Oceanside, California, has a 75-year history of producing unique an.

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