Assa abloy sells emtek and the smart residential business in the u.s. and canada in furtherance of the proposed acquisition of the hardware and home improvement division

Stockholm , dec. 2, 2022 a ssa abloy has entered into binding agreements with fortune brands home & security, inc. (nyse: fbhs) or ("fortune brands") for the sale of emtek and the smart residential business in the u.s. and canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of the hardware and home improvement division ("hhi") of spectrum brands. on september 8, 2021, assa abloy announced it had signed an agreement to acquire the hhi division of spectrum brands (nyse: spb) for a purchase price of musd 4,300 on a cash and debt free basis.
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