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| The acquisition allows Allegion to enter sliding and folding door hardware market with an already strong brand reputation |
Allegion, plc, a leading global security products and solutions provider, has recently acquired the assets of Brio, a division of RMD Industries Pty Ltd. Brio is a market-leading designer and manufacturer of sliding and folding door hardware for commercial and residential spaces in Australia, New Zealand, the United Kingdom and the United States.
Expansion Opportunities Around The World
Phil Street, Commercial Director for the UK and MEA regions at Allegion, said “The acquisition of Brio allows Allegion to enter the sliding and folding door hardware market with an already strong brand reputation and high-quality products, while also providing expansion opportunities around the world.
"The sliding and folding door hardware market has obvious synergies with the ‘around-the-doorway' security markets Allegion leads, so we already have the technical capabilities needed to support this new product offering for our customers. With our strong global specification writing teams and sales coverage, we'll be able to leverage Brio's position across the globe to drive growth for Allegion and our portfolio of brands."
Brio's suite of products includes door hardware systems and accessories for interior sliding and folding doors; Weatherfold exterior folding doors; straight-sliding, top-hung doors; straight-sliding, bottom-roller doors; and retractable insect screens.
Brio General Manager, Styli Pelekanos, said the acquisition was a strategic one for both entities.
"To be part of Allegion is exciting - almost overnight we are expanding our global footprint," said Pelekanos. "Brio has spent many years developing a wide range of unique products that have benefited and solved problems for our customers."
Terms of the transaction were not disclosed.
