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Jun 20, 2023 · Spectrum Brands completes the sale of its Hardware and Home Improvement business, including brands like BLACK + DECKER and Kwikset, to ASSA ABLOY. The company plans to use the proceeds to reduce debt, repurchase stock, and invest in its remaining businesses.
- Spectrum Brands Announces Definitive Agreement to Sell Hardware & Home ...
Strategic shift results in a more focused consumer staples...
- Spectrum Brands Announces Definitive Agreement to Sell Hardware & Home ...
Spectrum Brands announced a stipulation with the DOJ to resolve its challenge of the acquisition of its Hardware and Home Improvement segment by ASSA ABLOY. The transaction is expected to close on or prior to June 30, 2023, subject to regulatory approval.
Sep 8, 2021 · Strategic shift results in a more focused consumer staples company aligned with attractive growth categories. Net proceeds from the sale will result in significant deleveraging. Excess cash proceeds will be allocated to invest for organic growth, fund complementary acquisitions and return capital to shareholders. MIDDLETON, Wis ...
Sep 8, 2021 · HHI adds established consumer brands in North America, including Kwikset, Baldwin, Weiser, Pfister and National Hardware, to our brand portfolio. ASSA ABLOY can bring technological...
Spectrum Brands’ Hardware and Home Improvement (“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
May 8, 2023 · The Justice Department last year sued to block the proposed deal by Assa Abloy to buy the Spectrum Brands HHI division, which makes residential door hardware, saying the deal could lead to...
On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.
