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Divestment of Emtek and the Smart Residential business in the U.S. and Canada have also been finalized.
June 20, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY has completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) and the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. “HHI is an excellent addition to ASSA ABLOY, complementing our existing business in terms of product offering and geographic scope, and I am delighted to welcome HHI and all its employees to ASSA ABLOY,” says Nico Delvaux, president and CEO of ASSA ABLOY. “I am also pleased that ...
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