Security Products Provider Allegion Acquires TGP

Glass Magazine
January 2, 2018
COMMERCIAL, FABRICATION

Allegion plc, a global security products and solutions provider, acquired Technical Glass Products through one of its subsidiaries, effective Jan. 2, 2018.

“TGP’s focus on institutional and nonresidential projects provides a strong tie to Allegion’s core business—and, more importantly, TGP will leverage the strength of our existing specification writing capabilities to help accelerate growth,” says David D. Petratis, chairman, president and CEO of Allegion, in a company release. “Our complementary solutions will also mutually expand our reach in North American and Middle Eastern markets.”

TGP is expected to operate within the Americas region. Current TGP President Jeff Razwick will continue to lead the business.

“I look forward to helping ensure a smooth integration as TGP joins Allegion,” says Razwick, in the release. “Our customers and distributors will benefit from access to the full range of Allegion specialty products, hollow metal doors and frames, in addition to our premium product offering.”

TGP generated approximately $80 million in net sales for the trailing 12 months ending Sept. 30. The transaction is expected to be accretive to earnings in 2018. Terms of the transaction were not disclosed.