Allegion (ALLE) Boosts Product Portfolio With Krieger Buyout
ALLEAllegion(ALLE) ZACKS·2024-06-06 01:16

Allegion plc (ALLE) acquired Krieger Specialty Products LLC (Krieger) through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Headquartered in Los Angeles, CA, Krieger is engaged in producing high-performance doors and windows for industrial, commercial and institutional end markets. The company’s products are used in acoustical, bullet, forced entry, blast and radio frequency applications.Acquisition RationaleThe latest buyout is in sync with Allegion’s policy of ...