Allegion has signed a definitive agreement to acquire the assets of Brio Industries. 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.

"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 position 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."