{"id":451430,"date":"2021-03-04T17:03:14","date_gmt":"2021-03-04T22:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451430"},"modified":"2021-03-04T17:03:14","modified_gmt":"2021-03-04T22:03:14","slug":"allegion-closes-on-sale-of-qmi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allegion-closes-on-sale-of-qmi\/","title":{"rendered":"Allegion Closes on Sale of QMI"},"content":{"rendered":"

<\/p>\n

Allegion Closes on Sale of QMI<\/b><\/p>\n

DUBLIN–(BUSINESS WIRE<\/a>)–Allegion plc<\/a> (NYSE: ALLE), through one of its subsidiaries, has closed on the sale of its Qatar Metal Industries (QMI) business to the HLD Group of Companies, a private industrial portfolio of companies based in the UK.\n<\/p>\n

\nTerms of the transaction, which closed on Feb. 28, 2021, are not disclosed. The divestiture of QMI \u2013 a commercial door manufacturer in the Middle East \u2013 was previously announced as a part of Allegion\u2019s 2020 fourth-quarter, full-year earnings call and release.\n<\/p>\n

About Allegion<\/b><\/p>\n

\nAllegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA\u00ae<\/sup>, Interflex\u00ae<\/sup>, LCN\u00ae<\/sup>, Schlage\u00ae<\/sup>, SimonsVoss\u00ae<\/sup> and Von Duprin\u00ae<\/sup>. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.7 billion in revenue in 2020, and its security products are sold around the world.\n<\/p>\n

\nFor more, visit www.allegion.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304005969\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Whitney Moorman \u2013 Reputation Management Leader
\n
317-810-3241
\n
Whitney.Moorman@allegion.com
\n<\/a><\/p>\n

Analyst Contact:
\n<\/b>
Tom Martineau \u2013 Vice President, Investor Relations, and Treasurer
\n
317-810-3759
\n
Tom.Martineau@allegion.com<\/a><\/p>\n

KEYWORDS:<\/b> North America United States Ireland United Kingdom Europe Indiana<\/p>\n

INDUSTRY KEYWORDS:<\/b> Security Home Goods Manufacturing Retail Finance Hardware Building Systems Interior Design Professional Services Consumer Electronics Residential Building & Real Estate Technology Commercial Building & Real Estate Construction & Property Office Products Public Relations\/Investor Relations Other Manufacturing Communications<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Allegion Closes on Sale of QMI DUBLIN–(BUSINESS WIRE)–Allegion plc (NYSE: ALLE), through one of its subsidiaries, has closed on the sale of its Qatar Metal Industries (QMI) business to the HLD Group of Companies, a private industrial portfolio of companies based in the UK. Terms of the transaction, which closed on Feb. 28, 2021, are not disclosed. The divestiture of QMI \u2013 a commercial door manufacturer in the Middle East \u2013 was previously announced as a part of Allegion\u2019s 2020 fourth-quarter, full-year earnings call and release. About Allegion Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA\u00ae, Interflex\u00ae, LCN\u00ae, Schlage\u00ae, SimonsVoss\u00ae and Von Duprin\u00ae. Focusing on security around the door and adjacent areas, Allegion … <\/p>\n

Continue reading “Allegion Closes on Sale of QMI”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451430","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllegion Closes on Sale of QMI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allegion-closes-on-sale-of-qmi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allegion Closes on Sale of QMI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allegion Closes on Sale of QMI DUBLIN–(BUSINESS WIRE)–Allegion plc (NYSE: ALLE), through one of its subsidiaries, has closed on the sale of its Qatar Metal Industries (QMI) business to the HLD Group of Companies, a private industrial portfolio of companies based in the UK. Terms of the transaction, which closed on Feb. 28, 2021, are not disclosed. The divestiture of QMI \u2013 a commercial door manufacturer in the Middle East \u2013 was previously announced as a part of Allegion\u2019s 2020 fourth-quarter, full-year earnings call and release. About Allegion Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA\u00ae, Interflex\u00ae, LCN\u00ae, Schlage\u00ae, SimonsVoss\u00ae and Von Duprin\u00ae. 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