Allegion (NYSE: ALLE), the parent of Schlage Hardware, will acquire Qatar Metal Industries, the Middle East's largest maker of commercial wood and metal doors.
Schlage Hardware says signs of an evolution of existing interior design trends are pointing to new buyer preferences for 2017, such as the Farmhouse & Country Chic style, which has evolved from being based in dark-toned woods to including lighter wood finishes and softer color schemes.
Allegion plc, a leading global provider of security products and solutions, today announced the acquisition of certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in that country with revenues of approximately US$12 million.
Schlage, creator of the strongest security products available to the home builders market, is bridging the gap between security and design to be the preferred choice for door locks, handlesets and levers among design and construction professionals.