Allegion Acquires Overly Door Company, Expanding Specialty Door Portfolio
ALLE sits 23% above its 52-week low of $125.
Summary
Allegion has acquired Overly Door Company, a manufacturer of specialty doors. The deal expands Allegion's product portfolio in the specialty door segment and strengthens its non-residential portfolio with high-security door solutions. No financial terms were disclosed. Overly leaders Tyler and Jonathan Reese will join Allegion to support a smooth transition. This follows Allegion's strong Q2 2026 results, where revenue rose 12.7% to $1.15B and operating margin expanded to 22.1%. The acquisition aligns with Allegion's growth strategy in the security and access solutions market.
At the time of this announcement, ALLE was trading at $153.67 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $13.1B. The 52-week trading range was $125.00 to $183.11. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.