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ASSA ABLOY reaches settlement with U.S. Department of Justice

May 6, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – Global access solutions provider ASSA ABLOY has resolved its lawsuit with the U.S. Department of Justice (DoJ), paving the way forward for its acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). On May 5 the company reached a settlement with the DoJ that will see ASSA ABLOY move forward with its divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. At the time ASSA...

antitrust, Assa Abloy, Emtek, Fortune Brands, Jonathan Kanter, Mergers & Acquisitions, Nico Delvaux, Residential, Smart Residential, Spectrum Brands’ Hardware and Home Improvement division (“HHI”), United States Department of Justice (DOJ)