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DoJ sues to stop Assa Abloy acquisition of Spectrum Brands Home & Hardware division


DoJ sues to stop Assa Abloy acquiring Spectrum Brands' Home & Hardware division

September 23, 2022Ken Showers, Managing Editor

WASHINGTON, D.C. – The U.S. Department of Justice (DoJ) has filed an antitrust lawsuit to block the proposed acquisition of Spectrum Brands' Holdings Home and Hardware Improvement division by its rival, Swedish conglomerate Assa Abloy. Assa Abloy and Spectrum make two out of three of the largest players in the residential door hardware community, an industry sector worth roughly $2.4 billion. In their complaint the DoJ alleged that the acquisition would eliminate...

antitrust, Assa Abloy, Jonathan Kanter, Nico Delvaux, smart locks, Spectrum Brand Holdings, U.S. Department of Justice (DOJ)

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