Acquisition of Stemcor’s Barclay & Mathieson

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Acquisition of Stemcor’s Barclay & Mathieson

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On March 20th 2015 MBM Group Services Limited, in which Alcyon is an investor, acquired Barclay & Mathieson Limited from Stemcor Holdings Limited.

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Barclay & Mathieson has over 130 years experience as a general steel stockholder and fabricator in the UK, operating from 13 locations around the country, with 222 employees processing over 100,000 tonnes of steel.

Barclay & Mathieson made a significant and profitable contribution to Stemcor who completed the disposal as part of their ongoing commitment to restructure their business. Barclay & Mathieson has strong management and good prospects for growth.

Derek Myatt of Meridian Metal Trading Limited, a £100m revenue steel processing and stockholding company, has agreed to Chair MBM, the holding company, whilst the investor group explores profitable synergies between Barclay & Mathieson and Meridian Metal Trading, with these complimentary businesses creating significant market presence in the steel stockholding sector.

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Alcyon acquires Allegion’s UK doors and services businesses

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Alcyon acquires Allegion’s UK Doors & Services Businesses

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London, England, 30 July 2014 – An affiliate of Alcyon Financial Limited, a financial investment firm, today announced the signing of a definitive agreement to buy the United Kingdom (UK) Door businesses of Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions. The businesses to be sold include the Dor-o-Matic™ branded automatic door business, the Martin Roberts™ branded performance steel doorset business and the UK service organisation.

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A spokesperson for Allegion commented: “Alcyon is a stand-alone investment company with an extensive infrastructure and network that can support and develop the businesses. We believe that Alcyon is the right buyer for our UK Door businesses due to the leadership capability, expertise and experience in related industries. Alcyon are immensely professional in their approach and have a demonstrable track record in assisting businesses in a similar position.”

Philip Lammas, MD of Alcyon, said “the acquisition transitions the Doors’ Businesses to a standalone and dynamic entity, allowing the company to sharpen its focus on identifying exciting opportunities for development. Driven by the strength of the brands, the excellent management team and committed, skilled workforce, supported by a stable funding platform, ‘Doors’ will seek to strengthen its product offering together with improved routes to market.”

Dave Petratis, Chairman, President and CEO – Allegion said “this transaction enables us to simplify our portfolio and focus on the key strategic businesses and services that can be leveraged across the EMEIA region. We thank the transitioning employees for their contribution to Allegion’s success and wish them well in the Alcyon family.”

About Allegion

Allegion (NYSE: ALLE) creates peace of mind by pioneering safety and security.  As a $2 billion provider of security solutions for homes and businesses, Allegion employs more than 8,000 people and sells products in more than 120 countries across the world.  Allegion comprises 27 global brands, including strategic brands CISA®, Interflex®,LCN®, Schlage® and Von Duprin®.

For more, visit www.allegion.com
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