Mergers & Acquisitions

Allegion Completes Acquisition of Technical Glass Products (TGP)

By Jeff Razwick

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, TGP is a North American manufacturer of advanced fire-rated entrance and wall systems for institutions and non-residential buildings.

“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, chairperson, 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.”

TGP is expected to operate within the Americas region. Current TGP president Jeff Razwick will continue to lead the business, as he has done 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 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.

SC Railing Renamed Trex Commercial Products

As a result of its recent acquisition by the Trex Company, SC Railing is now Trex Commercial Products (TCP).

“SC Railing has earned a reputation as the ‘go-to’ railing supplier for commercial architects and specifiers,” says James Cline, president and CEO of Trex Company. “From stadiums and large public works to universities and hos-pitals, SC Railing has been involved with many of the largest and most rec-ognized commercial building projects in the country. We look forward to car-rying on that legacy and to serving an even wider audience with Trex Commercial Products.”

For previous, current and potential customers of SC Railing, Cline emphasizes that the company name is the only thing that is changing. Trex Commercial Products will operate out of the existing SC Company facilities in Brooklyn Park, Minn., and Fort Mill, S.C., and will con-tinue to be managed by the same leader-ship team and sales network.

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