Allegion Acquires SOSS Door Hardware, Adding Another Category Leader to Its Safety and Security Portfolio
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired SOSS Door Hardware (SOSS).
A leading manufacturer of premium hinges and door hardware, SOSS primarily sells its solutions in North American non-residential markets. Founded in 1903, the company invented the concealed hinge; today, it's signature SOSS Invisible Hinge as well as fire-rated, heavy-duty and other specialty hinges are popular across industrial, commercial and institutional spaces.
SOSS will report into the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi.
"SOSS is a pioneer with more than a century of manufacturing high-quality safety and security products, just like other leading Allegion brands," Ilardi said. "SOSS solutions complement our Ives, Glynn-Johnson and Zero International door hardware, allowing us to specify and supply a broader portfolio to our customers, and ultimately growing this core part of our business."
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.
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