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Sale is in furtherance of the proposed acquisition of the Hardware and Home Improvement division.
December 5, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY has entered into binding agreements with Fortune Brands Home & Security, Inc. for the sale of Emtek and the Smart Residential business in the U.S. and Canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of the Hardware and Home Improvement division (HHI) of Spectrum Brands. 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 million on a cash...
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