Allegion Acquires Krieger Specialty Products, Expanding Allegion Americas Institutional Market Portfolio

Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired Krieger Specialty Products LLC ("Krieger").

Based in the Los Angeles, California, area, Krieger is a leading U.S. manufacturer of high-performance special purpose doors and windows for industrial, commercial and institutional markets. Krieger's solutions include security, radio frequency, acoustical, forced entry, bullet, blast and thermal applications, and they're installed in a wide range of facilities ranging from data centers, hospitals, power plants and government offices to broadcasting stations, theaters, museums and banks.

Krieger will operate as part of the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi.

"This acquisition broadens our portfolio, while strengthening our manufacturing presence regionally and bringing together two strong workplace cultures," Ilardi said. "Krieger's high-quality specialty products will add to the breadth of Allegion's solutions, while our specification and institutional market expertise will fuel demand creation and growth for Krieger. Our businesses will also create greater manufacturing scale, leveraging our combined talented teams to best serve customers."

Krieger CEO Bob McCluney will serve in an advisory capacity, supporting a smooth transition for the business as it joins Allegion. Other members of the Krieger management team and employees will become part of Allegion Americas' non-residential business, joining leading doors and frames brands like Steelcraft and Republic Doors.

"The alignment of Allegion's and Krieger's cultures is striking," McCluney said. "Krieger clearly complements Allegion's industry-leading door and frame brands. Our businesses share a commitment to technical leadership and customer satisfaction. Moreover, we prioritize investments in our personnel, reflecting numerous shared core values."

Terms of the transaction were not disclosed.

About Allegion

Allegion (NYSE:ALLE) is a global pioneer in seamless access, with leading brands like CISA^®, Interflex^®, LCN^®, Schlage^®, SimonsVoss^® and Von Duprin^®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $3.7 billion in revenue in 2023, and its security products are sold around the world. For more, visit www.allegion.com.

Forward-Looking Statements

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