On May 5th 2015 Allegion Plc, a leading global security products and solutions provider, acquired Brio as part of its Asia Pacific operations. 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 a strong brand reputation and high-quality products, while also providing expansion opportunities around the world.
“The sliding and folding door hardware market has obvious synergies with the ‘around-the-doorway’ security markets Allegion leads, so we already have the technical capabilities needed to support this new product offering for our customers,” Yu said. “With our strong global specification writing teams and sales coverage, we’ll be able to leverage Brio’s stability in Australia and New Zealand, as well as its increasing footprints in the United States and Europe, to drive growth for Allegion and our family of brands.”
Brio General Manager Styli Pelekanos said the acquisition was a strategic one for both entities.
“Brio has spent many years developing a wide range of unique products that have been very well received by the customers we have reached so far,” said Pelekanos. “To be part of Allegion is an exciting prospect – almost overnight, we will be operating on a global footprint.”