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ASSA ABLOY completes sale of Emtek and Smart Residential towards HHI acquisition

ASSA ABLOY completes sale of Emtek and Smart Residential toward HHI acquisition

December 2, 2022SSN Staff

YARMOUTH, Maine – On Dec. 2 ASSA ABLOY announced that it has entered into binding agreements with Fortune Brands Home & Security with regard to the sale of its Emtek and Smart Residential businesses. Following ASSA ABLOY’s bid to acquire Spectrum Brands HHI (Home and Hardware Improvement) division, the U.S. Department of Justice (DoJ) filed an antitrust lawsuit to block it on Sept. 15, 2022. As part of efforts to clear a path for the acquisition ASSA ABLOY moved to divest...

Assa Abloy, Emtek, Fortune Brands Home & Security, Jonathan Kanter, Nico Delvaux, Smart Residential, Spectrum Brands HHI, United States Department of Justice (DOJ)