Flexible Electronics News

ASSA ABLOY to Acquire HHI Division of Spectrum Brands

Key brands include Kwikset, Baldwin, Weiser, Pfister and National Hardware.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY has signed a definitive agreement to acquire the Hardware and Home Improvement (HHI) division of Spectrum Brands for a purchase price of $4.3 billion on a cash and debt free basis. Spectrum Brands’ HHI division is a leading provider of security, plumbing, and builders’ hardware products to the North American residential segment with a diversified product offering of locksets, faucets, and builders´ hardware. HHI has a varied portfolio of innovative products, including patented Smart...

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