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Allegion Acquires Next Door Company to Expand Metal Door Offerings
Slice of Real Estate Team
February 07, 2025
Key Highlights:
Allegion plc (NYSE: ALLE) has acquired Next Door Company, a U.S. manufacturer of stainless steel and hollow metal doors.
Next Door specializes in custom configurations for industrial, commercial, and institutional buildings.
The acquisition enhances Allegion’s specialty door offerings and strengthens its market position.
Next Door will report into Allegion Americas, led by Senior Vice President Dave Ilardi.
Owner Justin Schechter joins Allegion to support a smooth transition and drive growth.
Source: Business Wire
Notable Quotes:
“We’re very excited to welcome Next Door to Allegion – they’ve been a close partner of ours for more than a decade now.”
“We’re confident we share this passion for excellence with Allegion. We’ll build from that foundation and drive growth through shared resources and expertise.”
Why This Matters:
This acquisition strengthens Allegion’s position in the security and access solutions industry, expanding its custom metal door and frame offerings to better serve industrial and commercial customers. With Next Door’s expertise and Allegion’s scale, the combined business is poised for accelerated growth in the U.S. market.