Allegion completed the acquisition of Stanley Access Technologies from Stanley Black & Decker for $900m.

Allegion, a provider of security products for homes and businesses, completed the acquisition of Stanley Access Technologies, a provider of building materials, from Stanley Black & Decker, a manufacturer of industrial tools and household hardware, for $900m. "The sale of Access Technologies at an attractive valuation demonstrates our commitment to maximizing value for our shareholders through active portfolio management and will help fund our substantial return of capital. On behalf of the entire Stanley Black & Decker organization, I want to thank our Access Technologies team members for their valuable contributions over the years. Allegion is a leader in the industry and I am confident the organization and the business are positioned for a great future of growth and success under their ownership," James M. Loree, Stanley Black & Decker CEO.