2nd December 2013:
Allegion debuting as a standalone publicly-company
Dublin, Ireland, Dec. 2, 2013 – Allegion PLC (NYSE: ALLE), a leading global provider of security products and solutions, debuted today as a standalone, publicly-traded company following its spinoff from Ingersoll Rand.
“For more than a century, we have been pioneers in developing products that help keep people safe where they live, work and visit,” said Dave Petratis, Allegion chairman and CEO. “This is an opportunity to carry forward the best of Allegion’s heritage, expertise and entrepreneurial roots while becoming bolder at capitalizing on major trends in commercial and residential security. As a global enterprise, we will continue to lead the industry in defining and raising the standards for safety and security everywhere.”
Allegion provides mechanical and electronic security products and solutions for homes and businesses in more than 120 countries. It sells products under 23 brands and specializes in security around the doorway and beyond – from residential and commercial locks, door closers and panic release bars to access control systems and workforce productivity systems. Allegion’s portfolio includes strategic brands as CISA®, Interflex®, LCN®, Schlage® and Von Duprin®.
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