Allegion, a global provider of security products and solutions, has acquired Technical Glass Products (TGP), based in Snoqualmie, Washington, through one of its subsidiaries.
Founded in 1980, the family-owned TGP is a North American manufacturer of advanced entry and firewall systems for institutions and non-residential buildings. Its product lines include glass and fire-rated frames for doors, entryways and wall systems – a natural extension of Allegion’s core product lines, according to the announcement. TGP’s product brands include the FireLite family of fire-rated ceramic glass, Pilkington Pyrostop fire-rated wall panels, Fireframes family of fire-rated frames and others.
âBringing TGP – with a leadership position in the market, along with a strong track record of innovation and integrity – into the Allegion family is exciting,â said David Petratis, Chairman, President and CEO of Allegion . âTGP’s focus on institutional and non-residential projects provides a strong connection to Allegion’s core business – and, more importantly, TGP will leverage the strength of our existing specification writing capabilities to help accelerate growth. Our complementary solutions will also mutually expand our reach in the North American and Middle Eastern markets.
TGP is expected to operate in the Americas region. The current president of TGP, Jeff Razwick, will continue to lead the company. He has been running the business since his father, Jerry Razwick, retired in 2013.
âI look forward to helping ensure a smooth integration as TGP joins Allegion,â says Jeff Razwick. âWe are pleased to be part of a company that has a proven track record of operational excellence and is known for its demand generation capabilities. Our customers and distributors will benefit from access to the full line of specialty Allegion products, hollow metal doors and frames, in addition to our premium product offering.
TGP has experienced significant growth and expansion since its inception. In 2013, the company incorporated the powder coating process for its steel products. Integrating the process internally rather than outsourcing has allowed the company to improve its efficiency. Powder coatings occupied 20 percent of the company’s facilities at that time.
TGP generated net sales of approximately $ 80 million during the 12 months ended September 30, 2017. The transaction is expected to generate profits in 2018. Terms of the transaction were not disclosed.
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