BAllegion, plc, a leading global security products and solutions provider, has signed a definitive agreement to acquire the assets of Brio Industries, a division of RMD Industries Pty Ltd. Brio is a market-leading designer and manufacturer of sliding and folding door hardware for commercial and residential spaces in Australia, New Zealand, the United Kingdom and the United States. The transaction is expected to close in the second quarter.
Allegion Senior Vice President and President of Asia Pacific William Yu said the acquisition of Brio will allow Allegion to enter the sliding and folding door hardware market with an already strong brand reputation and high-quality products, while also providing expansion opportunities around the world.
Brio’s suite of products includes door hardware systems and accessories for interior sliding and folding doors; Weatherfold exterior folding doors; straight-sliding, top-hung doors; straight-sliding, bottom-roller doors; and retractable insect screens.
