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Tag: Spectrum Brand Holdings


Assa Abloy preps business units for sale, issues official response to U.S. Department of Justice

Residential

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”...

Assa Abloy, Emtek Products, Jonathan Kanter, Nico Delvaux, Smart Residential, Spectrum Brand Holdings, United States Department of Justice (DOJ)


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Monitoring Matters

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...

anti-trust, Assa Abloy, AT&T, Hulu, Jonathan Kanter, Netflix, Spectrum Brand Holdings, Standard Oil, United States Department of Justice (DOJ)


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

Residential

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, United States Department of Justice (DOJ)


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