Global security company listed in the S&P 500® index now listed on the New York Stock Exchange.
Allegion PLC (NYSE: ALLE), a global provider of safety products and solutions, launched as an independent, publicly traded company on December 2, 2013, following its spin-off from Ingersoll Rand. The $2 billion company is headquartered in Ireland and maintains regional corporate centers in Carmel, Indiana, USA; Brussels, Belgium; and Shanghai, China..
„For more than a century, we have been at the forefront of developing products that help keep people safe in their daily lives and during their work or leisure time. This is an excellent opportunity to revive and bring to fruition traditions, expertise and entrepreneurial spirit from Allegion’s heritage, while best positioning the company to capitalize on larger safety trends in commercial and residential environments. As a global company, we will continue to be an industry leader in defining and raising standards in security anywhere in the world.“
Dave Petratis, Chairman, President and CEO at Allegion.
Allegion markets residential and commercial mechanical and electronic security products in more than 120 countries. The company sells its products under 23 brand names and specializes in security around doors and entrances – products range from residential and commercial locks, door closers and panic hardware to access control systems and workforce safety and productivity monitoring systems. Allegion’s portfolio includes the strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®.
With more than 7,600 employees in manufacturing, sales and distribution facilities worldwide, Allegion plans to add up to 300 additional jobs in various locations. The company also plans to make targeted strategic acquisitions, where appropriate, to complement and enhance its existing business. Allegion is also investing in research and development and in product development. In addition, the company will expand its operational excellence program, drive growth in emerging markets and recruit new employees and professionals.
“The future of our company and the entire security industry is secure if we can meet the demands of an increasingly connected world. Therefore, we will make additional investments to expand the electronics sector while working unabated to improve and modernize our mechanical products,” said Dave Petratis.
Allegion will compete in a $25 billion global security products and solutions industry by addressing global industry trends. Specifically, these include security requirements, increasing global urbanization, greater focus on the electronic sector, smart security solutions and the projected global economic recovery in the residential and commercial construction sectors.
Earlier this year, Allegion announced the appointment of its most senior executives:
- Tim Eckersley, Senior Vice President and President of the Americas Region
- Ray Lewis, Senior Vice President, Human Resources and Communications
- Barbara Santoro, Senior Vice President, General Counsel and Secretary
- Patrick Shannon, Senior Vice President and Chief Financial Officer
- William Yu, Senior Vice President and President of the Asia Pacific Region
- Todd Graves, Vice President, Engineering and Technology
- Tracy Kemp, Vice President and Chief Information Officer
- Chris Muhlenkamp, Vice President, Global Operations and Integrated Supply Chain
- John Stanley, Vice President of Finance for Europe, Middle East, India and Africa (EMEIA) Region and Acting EMEIA Regional Leader
On December 9, 2013 at 9:30 a.m. local time, a group of Allegion executives and employees celebrated the spin-off by ringing the opening bell of the New York Stock Exchange. Live footage of the bell ringing will be made available on the New York Stock Exchange website.
This press release contains “forward-looking statements” and does not reflect historical facts. The statements relate to our business and growth strategy, our ability to capitalize on industry trends and our ability to define and raise standards in the security sector. Forward-looking statements are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations. These factors include, but are not limited to, our ability to fully realize the anticipated benefits of the spin-off; global economic conditions; demand for our products and services; and changes in tax laws. Other factors that could cause such differences are set forth in our filings with governmental authorities (“Form 10”). We are under no obligation to update these forward-looking statements.
About Allegion
Allegion (NYSE: ALLE) helps keep people safe in their daily lives and during their work or leisure time. Allegion is a pioneer in the security sector as a provider of residential and commercial security solutions under 23 global brand names. Allegion specializes in security around doors and entrances, with products ranging from residential and commercial locks, door closers and exit latches, steel doors and frames, access control systems and workforce safety and productivity monitoring systems. Allegion is listed on the S&P 500® Index. The $2 billion company employs more than 7,600 people and markets its products in more than 120 countries around the globe.
Allegion’s portfolio includes the strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®, as well as other brands such as aptiQ®, Briton™, Bricard®, Dalco™, Dexter by Schlage®, Falcon®, Fusion Hardware Group™, Glynn-Johnson®, ITO Kilit™, Ives®, Kryptonite®, Legge®, Martin Roberts™, Normbau™, Randi™, Steelcraft® and XceedID®.
More information here: www.allegion.com.
