Allegion Plc, a global security products and solutions provider, through one of its subsidiaries, has acquired Krieger Specialty Products LLC.
Krieger Specialty Products
Based in the Los Angeles, California, area, Krieger is a U.S. manufacturer of high-performance special-purpose doors and windows for industrial, commercial, and institutional markets.
Krieger’s solutions include security, radio frequency, acoustical, forced entry, bullet, blast, and thermal applications, and they’re installed in a wide range of facilities ranging from data centres, hospitals, power plants, and government offices to broadcasting stations, theaters, museums, and banks.
Strengthening manufacturing presence
Krieger will operate as part of the Allegion Americas segment, led by Allegion Senior Vice President, Dave Ilardi.
"This acquisition broadens our portfolio while strengthening our manufacturing presence regionally and bringing together two strong workplace cultures," said Dave Ilardi.
Institutional market expertise
Dave Ilardi continues, "Krieger’s high-quality specialty products will add to the breadth of Allegion’s solutions, while our specification and institutional market expertise will fuel demand creation and growth for Krieger."
He adds, "Our businesses will also create greater manufacturing scale, leveraging our combined talented teams to best serve customers."
Krieger management team
Krieger CEO - Bob McCluney will serve in an advisory capacity, supporting a smooth transition
Krieger CEO - Bob McCluney will serve in an advisory capacity, supporting a smooth transition for the business as it joins Allegion.
Other members of the Krieger management team and employees will become part of Allegion Americas’ non-residential business, joining pioneering doors and frames brands like Steelcraft and Republic Doors.
Customer satisfaction
"The alignment of Allegion’s and Krieger's cultures is striking," said Bob McCluney, adding "Krieger complements Allegion’s industry-renowned door and frame brands."
He continues, "Our businesses share a commitment to technical leadership and customer satisfaction. Moreover, we prioritise investments in our personnel, reflecting numerous shared core values."
Terms of the transaction were not disclosed.