Posts Tagged ‘ Hardware and Home Improvement (HHI) ’

Assa Abloy Reports ‘Very Strong Start’ to 2023 Amid Court Dealings

Apr 26th, 2023

Assa Abloy’s acquisitions during the first fiscal quarter of 2023 and organic sales growth of 8% are among the factors prompting president and CEO Nico Delvaux to suggest the company has seen a “very strong start to 2023.” The positive report comes amid a challenging week, as the company faces a bench trial, seeking to […]

Law Professors Weigh In on ASSA ABLOY Acquisition

Jan 19th, 2023

A collection of law professors from around the United States have weighed in on ASSA ABLOY’s $4.3 billion acquisition of the Hardware and Home Improvement (HHI) division of Spectrum Brands. In their amicus brief, filed in U.S. District Court for the District of Columbia, the professors argue that ASSA ABLOY must show that its proposed […]

ASSA ABLOY Sells Emtek, Smart Residential Business in US and Canada

Dec 2nd, 2022

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 to Sell Emtek, Smart Residential Businesses in US, Canada

Oct 17th, 2022

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 […]