Flexible Electronics News

ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition

Closing of the transaction is expected by the end of June 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY has received clearance from the Mexican competition authority to acquire Spectrum Brands’ Hardware and Home Improvement division (HHI). Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions. Closing of the transaction is expected by the end of June 2023. On Sept. 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands for a purchase price of $4,300 millio...

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