Allegion Acquires Advanced Fire-Rated Glass Products Manufacturer TGP

Allegion, a global security products and solutions provider, has acquired Technical Glass Products (TGP), based in Snoqualmie, Wash., through one of its subsidiaries.

Established in 1980, family-run TGP is a North American manufacturer of advanced fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems – a natural extension of Allegion’s core product lines, according to the announcement. TGP’s product brands include the FireLite family of fire-rated ceramic glass, Pilkington Pyrostop fire-rated wall panels, Fireframes family of fire-rated frames and others.

“Bringing TGP – with a leading market position, as well as a solid record of innovation and integrity – into the Allegion family is exciting,” says David Petratis, chairman, president and CEO of Allegion. “TGP’s focus on institutional and non-residential projects provides a strong tie to Allegion’s core business – and, more importantly, TGP will leverage the strength of our existing specification writing capabilities to help accelerate growth. Our complementary solutions will also mutually expand our reach in North American and Middle Eastern markets.”

Jeff Razwick, president of Technical Glass Products

TGP is expected to operate within the Americas region. Current TGP president Jeff Razwick will continue to lead the business. He has led the company since his father, Jerry Razwick, retired in 2013.

“I look forward to helping ensure a smooth integration as TGP joins Allegion,” says Jeff Razwick. “We’re happy to be part of a company that has a track record of operational excellence and is known for its demand generation capabilities. Our customers and distributors will benefit from access to the full range of Allegion specialty products, hollow metal doors and frames, in addition to our premium product offering.”

TGP has seen significant growth and expansion since its beginnings. In 2013, the company brought the powder coating process in house for its steel products. Bringing the process in-house rather than outsourcing allowed the company a way to help improve efficiencies. Powder coatings took up 20 percent of the company’s facility at that time.

TGP generated approximately $80 million in net sales for the last 12 months that ended September 30, 2017. The transaction is expected to be accretive to earnings in 2018. Terms of the transaction were not disclosed.

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