Tag: Spectrum Brand Holdings
ASSA ABLOY issues official response to U.S. Department of Justice
October 17, 2022Ken Showers, Managing Editor
WASHINGTON – Following a complaint filed by the U.S. Department of Justice (DoJ) blocking ASSA ABLOY's acquisition of Spectrum Brands' Holding Hardware and Home Improvement division, the company issued its response to the DoJ on Oct. 14, 2022.
ASSA ABLOY confirmed that it has initiated the sales process for Emtek Products and their Smart Residential (Yale) business in the U.S. and Canada. ASSA ABLOY said that it is “vigorously contesting”...
A Lack of Trust
September 28, 2022Ken Showers, Managing Editor
Last week I wrote a story about the anti-trust lawsuit filed by the U.S. Department of Justice (DOJ) against Swedish company Assa Abloy to prevent their acquisition of the hardware and home improvement division of Spectrum Brand Holdings.
To give you an idea of the tone for this blog my other titles were, “Passing Go” and “Hungry, Hungry Hippos”.
Preaching a parable about corporate greed would be misplaced in a B2B focused publication however, so I would instead...
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...