ASSA ABLOY recently announced that it has signed a definitive agreement to acquire the Hardware and Home Improvement (HHI) division of Spectrum Brands for a purchase price of MUSD 4,300 on a cash and debt-free basis. Spectrum Brands’ Hardware and Home Improvement division provides security, plumbing, and builders’ hardware products to the North American residential […]

Assa Abloy has acquired Salt Lake City-based Sure-Loc, a supplier of locks and associated hardware in the U.S. The company was established in 2002 and has about 45 employees. “I am very pleased to welcome Sure-Loc into the Assa Abloy Group. This acquisition delivers on our strategy to strengthen our position in the mature markets […]