Schlage, a division of Ingersoll Rand that manufactures access control solutions for the residential and commercial market, announced last week that it has acquired the door hardware division of Fusion Hardware Group.
According to a statement, the acquisition provides Schlage with an entry point to the decorative door hardware and lock market.
"Adding Fusion to our product portfolio provides Schlage immediate access to the decorative door hardware and lock category, as well as entry into the custom showroom distribution channel," said John Evans, vice president of marketing and product management for Ingersoll Rand. "With Fusion, we also gain a group of talented and highly motivated employees as well as a compelling business model, which will enable us to enter new markets with confidence."
In addition, the company said that Fusion would operate independently of Schlage with its current staff.