Allegion (ALLE) late Thursday disclosed plans to acquire Australian door hardware seller Lemaar through a deal expected to close before the end of March.
Financial terms of the transaction were not disclosed.
Lemaar will be folded into Allegion's international reporting segment and led by Tim Eckersley, currently a senior vice president at Allegion.
Lemaar owner Bill Spyrou also will work in an advisory role to assist with the transaction, Allegion said.
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