Established in 1980, TGP is a North American manufacturer of fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems – a natural extension of Allegion’s core product lines. TGP 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.
“Bringing TGP into the Allegion family is exciting,” says David D. Petratis, chairman, president and CEO of Allegion. “Its focus on institutional and non-residential projects provides a tie to Allegion’s core business, and, more importantly, TGP will leverage the strength of our existing specification writing capabilities to help accelerate growth. Our solutions will also mutually expand our reach in North American and Middle Eastern markets.”
TGP is expected to operate within the Americas region. Current TGP President Jeff Razwick will continue to lead the business.
“I look forward to helping ensure a smooth integration as TGP joins Allegion,” says Razwick. “We’re happy to be part of a company that is known for its demand generation capabilities. Our customers and distributors will benefit from access to the range of Allegion specialty products, hollow metal doors and frames, in addition to our premium product offering.”
TGP generated approximately $80 million in net sales for the trailing 12 months ended Sept. 30, 2017. The transaction is expected to be accretive to earnings in 2018. Terms of the transaction were not disclosed.