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

1. Allegion acquires Trimco Hardware to expand U.S. commercial door hardware offerings.

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FAQ

Why Bullish?

Acquisition of Trimco enhances Allegion's market position, similar to past successful expansions. Historical acquisitions in the hardware sector have led to increased market share and revenue growth.

How important is it?

The acquisition is a significant strategic move likely to enhance revenues and market positioning.

Why Long Term?

The strategic acquisition is expected to strengthen Allegion's portfolio over the long-term. Past acquisitions, like Schlage, have shown sustained growth in sales and market presence.

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HNIASSA ABLOY
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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