ASSA ABLOY has acquired Forte, a residential door locks manufacturer in Peru. The acquisition marks ASSA’s ninth in recent years, most recently including Spectrum Brands’ Hardware and Home Improvement division (HHI) in June. Forte was founded in 1967 and has some 340 employees. The main office and factory are located in Lima, Peru. “I am […]

Chief executives for four leading door, window and hardware companies remain optimistic about demand for their companies’ products, despite what some describe as a “weak” housing market and sentiments about a possible economic slowdown. New home starts increased in July after declining in June, despite increases to interest rates that brought mortgage rates near a […]

No sooner did ASSA ABLOY turn the page on legal proceedings over its acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) than it could be headed back to court. An employee of the company’s Entrance Systems division has filed charges against the manufacturer and International Brotherhood of Electrical Workers (IBEW) Local 441. Court […]

Assa Abloy announced yesterday it completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) and the divestment of its U.S.- and Canada-based Emtek and Smart Residential business to Fortune Brands Innovation Inc. HHI was consolidated into Assa Abloy as of June 20, officials said, for the total consideration of $4.3 billion USD […]

Assa Abloy announced today it has completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) and the divestment of its U.S.- and Canada-based Emtek and Smart Residential business to Fortune Brands. HHI was consolidated into Assa Abloy as of today, officials said, for the total consideration of $4.3 billion USD on a […]

ASSA ABLOY announced that it received clearance from the Mexican competition authority to acquire Spectrum Brands’ Hardware and Home Improvement division. Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions. In September 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of […]

A bench trial between the United States and Assa Abloy came to a screeching halt Friday, after the two parties reached a deal to settle the case. The agreement marked a stark change in strategy, after seven months of deliberation in which the U.S. staunchly objected to Assa Abloy’s plan to acquire the HHI division […]

Assa Abloy’s acquisitions during the first fiscal quarter of 2023 and organic sales growth of 8% are among the factors prompting president and CEO Nico Delvaux to suggest the company has seen a “very strong start to 2023.” The positive report comes amid a challenging week, as the company faces a bench trial, seeking to […]

Interlock USA and Caldwell Manufacturing Co. have announced the combination of their respective sales forces into one joint team. The combined sales team will now represent the product portfolios of both Interlock and Caldwell, a first step in the process of joining the two companies into one hardware solutions provider, including window balances, casement hardware, […]

ASSA ABLOY and the United States have yet to come to terms with respect to the latter’s lawsuit attempting to block the company’s acquisition of the HHI division of Spectrum Brands. After more than six months of deliberations, a D.C. District Court has scheduled the matter for a bench trial next week. ASSA ABLOY’s agreement […]