Allegion Boosts Product Portfolio With the Acquisition of Trimco

Allegion plc (ALLE) has recently acquired Trimco Hardware (Trimco), along with its brands and various assets, through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Based in Los Angeles, CA, Trimco is engaged in manufacturing high-performance and custom-designed door hardware. The company’s products are sold in commercial and institutional markets.ALLE’s Acquisition RationaleThe latest buyout is in sync with Allegion’s policy of acquiring businesses to expand its ...