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Allegion spun off from Ingersoll Rand Plc on 1 December 2013, and became a standalone, publicly traded company. This placed Allegion on the S&P 500, where it replaced JC Penney. [6] David D. Petratis was announced chairman of the board, chief executive officer and president of the company, in August 2013. [7]
Ingersoll Rand Announces Filing of Form 10 Registration Statement for New Security Spinoff; Selects Allegion as Name of the $2 Billion Public Company Five directors committed to Allegion Board of ...
Allegion, Ingersoll Rand's New Security Spinoff, Names Additional Members of Leadership Team Appointments reflect commitment to operational excellence, superior customer service and innovation ...
Schlage remained an Ingersoll Rand subsidiary for nearly 40 years, until Schlage and other security hardware companies were spun off as part of Allegion, formed in December 2013. [12] After 73 years of operation, the Schlage Lock Co. Bayshore factory was closed in 1999. [13]
Dublin, Ireland-based heavy industrial manufacturer Ingersoll-Rand is laying the groundwork for spinning off its Indiana-based, Ireland-registered Allegion subsidiary. On Tuesday, Ingersoll named ...
Allegion is also not a conglomerate; all of its products are focused on the safety and security industry. One reason Allegion had spun off of Ingersoll Rand was so that it could focus on its security portfolio, as outlined on page 6 of its annual report. As a stylistic edit, the first paragraph mentions that we have 27 brands.
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