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Allegion Finalizes Acquisition of Commercial Door Manufacturer QMI
DUBLIN (Feb. 1, 2018) – Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has completed, through one of its subsidiaries, the previously announced acquisition of QMI.
Headquartered in the United Arab Emirates, QMI is one of the Middle East’s largest manufacturers of commercial steel and wood doors and frames. This product offering is closely aligned with Allegion’s core business and specification capabilities, and it provides customers with full-door solutions in the Middle East, including options for pre-installed door sets that are code compliant across multiple markets.
Allegion announced its intent to purchase QMI in November 2017. For more information, see the original press release.
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This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements that relate to the acquisition’s impact on the Company’s financial and operational performance, the acquisition’s ability to drive growth and the integration of the acquisition. These forward-looking statements are based on the Company's current available information and its current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties - many of which are beyond the Company’s control - as well as potentially inaccurate assumptions, which could cause actual results to differ materially from those in the forward-looking statements. Further information on these factors and other risks that may affect the Company's business is included in filings it makes with the Securities and Exchange Commission from time to time, including its Form 10-K for the year ended Dec. 31, 2016, Form 10-Qs for the quarters ended March 31, 2017, June 30, 2017, and Sept. 30, 2017, and in its other SEC filings. The Company assumes no obligations to update these forward-looking statements.
About Allegion™
Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2.2 billion company, with products sold in almost 130 countries.
For more, visit www.allegion.com.
Contact:
Media: Maria Pia Tamburri - Director, Public Affairs +1.317.810.3399 [email protected]
Analysts: Mike Wagnes - Vice President, Treasury and Investor Relations +1.317.810.3494 [email protected]
Source: Allegion plc
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QMI New Factory Facility for both Steel Doors and Timber Doors will be moved to Phase#3, Dubai Industrial Park, Dubai, expected to function from First week of Jan, 2018
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TRR Doors 450 and 250 F
TRR Doors 450 and 250 F Passed on 12th April 2017
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Rhino QMI - JV
Mr Riad Welly, Managing Director for QMI stated “The joint venture between Rhino and QMI will be the answer to the increasing demand in highly specialised blast proof, pressure and acoustic doors in the GCC region. The JV will be able to supply special doors to power, military, oil and gas and transport system projects through a new modern facility in Dubai”.
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Exova Audit 2017
Warrington Exova , Intertek UK Surveillance Audits 2017, Successfully Passed
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4-Hours Fire Test Successful - For Over Sized Doors
Over Sized Fire Rated Steel Door with vision panel successfully passed 4-hours fire rating
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Exova Audit 2015
Warrington Exova Audit-2015 , has successfully completed on 16th Dec 2015
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Warrington Exova Audit 2015
Warrington Certification Audit conducted on 14-01-2015 Successfully
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BM Trada Q-Mark Re-Certification Audit
BM Trada Q-Mark re-certification Audit conducted successfully on 15th & 16th March 2015 at QMI Joinery and Steel Doors Factories (Sharjah & Dubai)
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Installation Guide
As per the Warrington Exova Audit recommendation, we have facilated to download Installation guide and Steel doors technical documents to our valuable clients.
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QMI Steel Factory Relocated
QMI Steel Doors Factory was relocated to DIC (Dubai Industrial City). The factory is fully equipped with latest machines, to meet the current market demands for Fire rated steel doors.
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QMI Joinery Division
QMI Joinery Division, located at Sharjah Industrial Area 13, enhanced its production facility for fire rated wooden doors/Cabinets.
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