Allegion Acquires Krieger Specialty Products LLC; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Allegion has acquired Krieger Specialty Products LLC, a manufacturer of special purpose doors and windows for industrial, commercial, and institutional markets. The terms of the deal were not disclosed. Krieger will operate under the Allegion Americas segment.
June 04, 2024 | 11:01 am
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Allegion has acquired Krieger Specialty Products LLC, enhancing its product offerings in the industrial, commercial, and institutional markets. The acquisition is expected to strengthen Allegion's market position and expand its product portfolio.
The acquisition of Krieger Specialty Products LLC by Allegion is likely to have a positive short-term impact on ALLE's stock price. The deal enhances Allegion's product offerings and market reach, which could lead to increased revenues and market share.
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