Brio’s been bought.

The Australian company was recently acquired by Dublin, Ireland-based security products provider Allegion.

Allegion senior vice president William Yu says the acquisition of Brio will allow Allegion to enter the sliding and folding door hardware market with an “already strong brand reputation,” while also providing expansion opportunities around the world.

“The sliding and folding door hardware market has obvious synergies with the ‘around-the-doorway’ security markets Allegion leads, so we already have the technical capabilities needed to support this new product offering for our customers,” Yu says. “With our strong global specification writing teams and sales coverage, we’ll be able to leverage Brio’s position in Australia and New Zealand as well as its increasing footprints in the United States and Europe to drive growth for Allegion and our family of brands.”

Brio’s suite of products includes door hardware systems and accessories for interior sliding and folding doors; exterior folding doors; straight-sliding, top-hung doors; straight-sliding, bottom-roller doors; and retractable insect screens.

Brio General Manager Styli Pelekanos says the acquisition was a strategic one for both entities.

“To be part of Allegion is exciting – almost overnight we are expanding our global footprint,” he says. “Brio has spent many years developing a wide range of unique products that have benefited and solved problems for our customers.”

The transaction is expected to close in the second quarter. Terms were not disclosed.

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