Allegion Acquires Boss Door Controls; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Allegion has acquired Boss Door Controls, a UK-based door solutions provider established in 2009. Boss Door Controls specializes in door closers, levers, automatic door operators, and pocket door frames. The terms of the acquisition were not disclosed.
February 01, 2024 | 12:03 pm
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Allegion's acquisition of Boss Door Controls could enhance its product offerings in the door hardware market, potentially leading to increased market share and revenue.
Acquisitions often lead to an expansion of product lines and market reach, which can positively impact a company's financial performance. Given Boss Door Controls' specialization in door hardware, this acquisition is likely to complement Allegion's existing product portfolio, potentially leading to increased sales and market presence in the UK.
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