Allegion closes on sale of qmi

Dublin--(business wire)--allegion plc (nyse: alle), through one of its subsidiaries, has closed on the sale of its qatar metal industries (qmi) business to the hld group of companies, a private industrial portfolio of companies based in the uk. terms of the transaction, which closed on feb. 28, 2021, are not disclosed. the divestiture of qmi – a commercial door manufacturer in the middle east – was previously announced as a part of allegion's 2020 fourth-quarter, full-year earnings call and rel
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