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Allegion Acquires SOSS to Grow Door Hardware Business
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Allegion Acquires SOSS to Grow Door Hardware Business
Oct 18, 2024 5:05 AM

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

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