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 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 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 […]

ASSA ABLOY and the United States have come to a “narrow agreement” on a portion of the latter’s lawsuit attempting to block the company’s acquisition of the HHI division of Spectrum Brands. However, the parties in the case told the District Court for the District of Columbia that they remain at odds on a number […]

ASSA ABLOY says it has entered into binding agreements with Fortune Brands Home & Security Inc. to sell Emtek and the Smart Residential business in the U.S. and Canada. The transaction is ASSA ABLOY’s bid to fully resolve alleged competitive concerns surrounding its proposed acquisition of the Hardware and Home Improvement (HHI) division of Spectrum […]

ASSA ABLOY has formally responded to the U.S. Department of Justice’s (DOJ) civil antitrust lawsuit seeking to block the company’s proposed $4.3 billion acquisition of the Hardware and Home Improvement (HHI) division of Spectrum Brands Holdings Inc. The DOJ complaint, filed in the U.S. District Court for the District of Columbia, alleges that the merger […]

After announcing plans for an all-stock merger transaction with BMC Stock Holdings Inc. (BMC), officials for Builders FirstSource (BFS) restarted the period for merger review last week by voluntarily withdrawing and refiling notification with the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC). The two companies entered into an Agreement and Plan […]