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Ireland-Based Allegion Establishes North American Headquarters In Carmel, Indiana

Ireland-based Allegion PLC, a provider of security products and solutions, will establish its North American headquarters in Carmel, Indiana, creating up to 100 new jobs by 2014.

The company, which just last week was spun off from Ingersoll Rand as a stand alone, publicly-traded operation, will continue to occupy its 122,000 square-foot facility in Carmel. Allegion has an additional 380,000 square-foot manufacturing facility on the east side of Indianapolis, where the company produces Von Duprin exit devices, a brand that has called Indianapolis home for more than a century.

"Allegion and our customers will benefit from the power and passion of our 7,800 global employees, more than 1,000 of whom work in the Indianapolis and Carmel areas," said Dave Petratis, CEO of Allegion. "Our employees put our customers at the center of everything they do, every day. For more than a century, we have been pioneers in developing safety and security products that help keep people safe and secure where they live, work and visit. We draw inspiration from our heritage as we look forward to an exciting future as an independent, public company."

"Allegion joins a growing list of international firms that are finding opportunity in Indiana," said Gov. Mike Pence. "Indiana is equipped with the best workforce in America and taxes designed to keep business expenses low, offering an advantage that other states do not. As companies continue to choose Indiana as their destination of choice for new investment and opportunities, we are witnessing a growing economy and more Hoosier jobs, making this a state that works."

As the company's base in North America, the Carmel operation is home to corporate functions such as finance, information technology, human resources, supplier management and global operations.

As an incentive, Indiana Economic Development Corporation offered Allegion US Holding Company Inc. up to $2 million in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Carmel also supports the project.

"We work hard to create the type of city that attracts professionals who want to live where they have a wide variety of cultural, recreational and entertainment options," said Carmel Mayor Jim Brainard. "We are very pleased that Allegion's North American headquarters will be located in Carmel. Having a global leader in security products as a corporate partner in the community provides high quality jobs and brings recognition to Carmel."

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