07:49 AM EDT, 10/18/2024 (MT Newswires) -- Allegion ( ALLE ) said Friday it has acquired SOSS Door Hardware through one of its subsidiaries for an undisclosed sum.
SOSS manufactures heavy-duty hinges and door hardware for industrial, commercial and institutional spaces.
Allegion ( ALLE ) Senior Vice President Dave Ilardi said the acquisition will complement the company's door hardware, broaden its portfolio, and help grow its core business.
Allegion ( ALLE ) shares were 0.7% higher in premarket trading.
Price: 154.85, Change: +2.37, Percent Change: +1.55