Allegion acquires SOSS Door Hardware to expand security portfolio

Allegion plc (NYSE: ALLE), a global leader in security products and solutions, has announced the acquisition of SOSS Door Hardware, a prominent manufacturer specialising in premium hinges and door hardware solutions in the North American non-residential markets. SOSS, known for inventing the concealed hinge in 1903, continues to be a market leader with its signature SOSS Invisible Hinge, alongside fire-rated, heavy-duty, and other specialty hinges designed for industrial, commercial, and institutional spaces.

The acquisition aligns with Allegion’s strategic goal of expanding its comprehensive portfolio of door and access solutions. SOSS will now operate under the Allegion Americas segment, managed by Senior Vice President Dave Ilardi. Ilardi highlighted that SOSS’s long-standing expertise and high-quality product offerings are consistent with Allegion’s other premium brands like Ives, Glynn-Johnson, and Zero International. He noted that the addition of SOSS products will allow Allegion to provide a more extensive selection to its customers, further solidifying its core business operations.

The specific financial terms of the transaction were not disclosed by Allegion. The acquisition is part of Allegion’s ongoing efforts to enhance its footprint in the non-residential markets, particularly in the Americas, where the company aims to integrate SOSS’s product lineup to cater to diverse safety and security needs.

Expert Insight: Strategic Portfolio Expansion

Industry experts indicate that Allegion’s acquisition of SOSS represents a strategic move to further consolidate its position as a dominant player in the North American safety and security sector. By incorporating SOSS’s innovative and specialized hinge technology, Allegion strengthens its ability to offer comprehensive solutions across various market segments, including commercial and institutional projects. Analysts suggest that this acquisition will also enable Allegion to leverage SOSS’s reputation for quality, boosting its overall market appeal and potential for revenue growth in the coming quarters.