Allegion Acquires Unicel Architectural, Growing Core Business & Specification Capabilities
June 11 2024 - 7:30AM
Business Wire
Allegion plc (NYSE: ALLE), a leading global security products
and solutions provider, through one of its subsidiaries, has
acquired Unicel Architectural Corp. (Unicel Architectural).
Based in Quebec, Canada, Unicel Architectural is a leading North
American manufacturer of advanced glass, timber and aluminum
building solutions that support privacy, safety, energy efficiency
and sustainability. The Unicel Architectural portfolio is primarily
sold across Canada and the U.S. and installed in healthcare,
education, government and other non-residential facilities.
Unicel Architectural will operate as part of the Allegion
Americas segment, led by Allegion Senior Vice President Dave
Ilardi.
“Unicel Architectural is a natural extension of Allegion’s core
business, especially in institutional markets. This strategic
combination will strengthen our portfolio of solutions and expand
our specification capabilities,” Ilardi said. “Together, we will
provide meaningful differentiation for customers with more
comprehensive offerings.”
Unicel Architectural Co-Presidents Samuel Doyon-Bissonnette and
Vincent Couturier are joining Allegion and will serve as leaders
for Unicel Architectural within the Allegion Americas
non-residential business, supporting a smooth transition and
helping drive accelerated growth.
“Like Allegion and its brands, Unicel Architectural is a
category inventor and market leader, recently celebrating 60 years
of serving customers,” said Doyon-Bissonnette. “Combined, we’ll
create more value for architects and other channel partners as
trusted advisors on projects who help meet end-user needs.”
“We’ve had a long-standing partnership with Allegion brands
Technical Glass Products, AD Systems and Stanley Access
Technologies. This is an exciting evolution of our work together –
one that means our customers can expect even more premium products
and experiences,” Couturier added.
Terms of the transaction were not disclosed.
About Allegion Allegion (NYSE: ALLE) is a global pioneer
in seamless access, with leading brands like CISA®, Interflex®,
LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security
around the door and adjacent areas, Allegion secures people and
assets with a range of solutions for homes, businesses, schools and
institutions. Allegion had $3.7 billion in revenue in 2023, and its
security products are sold around the world. For more, visit
www.allegion.com.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934, including, but not limited to, the company’s ability
to successfully integrate the acquisition, achieve anticipated
strategic and financial benefits from the acquisition, and
statements regarding the company's 2024 and future financial
performance, the company’s business plans and strategy, the
company’s growth strategy, the company’s capital allocation
strategy, and the performance of the markets in which the company
operates. These forward-looking statements generally are identified
by the words “believe,” “aim,” “project,” “expect,” “anticipate,”
“estimate,” “forecast,” “outlook,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result” or the negative thereof or
variations thereon or similar expressions generally intended to
identify forward-looking statements. Forward-looking statements may
relate to such matters as projections of revenue, margins,
expenses, tax rate and provisions, earnings, cash flows, benefit
obligations, dividends, share purchases or other financial items;
any statements of the plans, strategies and objectives of
management for future operations, including those relating to any
statements concerning expected development, performance or market
share relating to our products and services; any statements
regarding future economic conditions or our performance; any
statements regarding pending investigations, claims or disputes;
any statements of expectation or belief; and any statements of
assumptions underlying any of the foregoing. Undue reliance should
not be placed on any forward-looking statements, as these
statements are based on the company's currently available
information and our current assumptions, expectations and
projections about future events. They are subject to future events,
risks and uncertainties - many of which are beyond the company’s
control - as well as potentially inaccurate assumptions, that could
cause actual results to differ materially from those in the
forward-looking statements. Important factors and other risks that
may affect the company's business or that could cause actual
results to differ materially are included in filings the company
makes with the Securities and Exchange Commission from time to
time, including its Annual Report on Form 10-K and its Quarterly
Reports on Form 10-Q and in its other SEC filings. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements and by reference to the
underlying assumptions. The company undertakes no obligation to
update these forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611832342/en/
Media Contact: Whitney Moorman – Director, Global
Communications 317-810-3241 Whitney.Moorman@allegion.com
Analyst Contacts: Jobi Coyle – Director, Investor
Relations 317-810-3107 Jobi.Coyle@allegion.com
Josh Pokrzywinski – Vice President, Investor Relations
463-210-8595 Joshua.Pokrzywinski@allegion.com
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