M&A Deal Summary

ASSA ABLOY Acquires Spectrum Brands Holdings - Hardware and Home Improvement

On September 8, 2021, ASSA ABLOY acquired building materials company Spectrum Brands Holdings - Hardware and Home Improvement from Spectrum Brands for 4.3B USD

Acquisition Highlights
  • This is ASSA ABLOY’s 48th transaction in the Building Materials sector.
  • This is ASSA ABLOY’s largest (disclosed) transaction.
  • This is ASSA ABLOY’s 25th transaction in the United States.
  • This is ASSA ABLOY’s 7th transaction in California.

M&A Deal Summary

Date 2021-09-08
Target Spectrum Brands Holdings - Hardware and Home Improvement
Sector Building Materials
Buyer(s) ASSA ABLOY
Sellers(s) Spectrum Brands
Deal Type Divestiture
Deal Value 4.3B USD

Target

Spectrum Brands Holdings - Hardware and Home Improvement

Lake Forest, California, United States
Spectrum Brands Holdings' Hardware and Home Improvement division is a provider of security, plumbing, and builders' hardware products to the North American residential segment with a diversified product offering of locksets, faucets, and builders hardware. HHI has a varied portfolio of innovative products, including patented SmartKey technology and electronic, smart, and biometric locks. Key brands include Kwikset, Baldwin, Weiser, Pfister, and National Hardware. Spectrum Brands Holdings' Hardware and Home Improvement is based in Lake Forest, California.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden

website


Category Company
Founded 1954
Sector Manufacturing
Employees50,727
Revenue 87.6B SEK (2020)
DESCRIPTION

The Assa Abloy Group is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 96 of 121
Sector (Building Materials) 48 of 54
Type (Divestiture) 4 of 4
State (California) 7 of 8
Country (United States) 25 of 32
Year (2021) 3 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Capital Door Service

Sacramento., California, United States

Capital Door Service is a pedestrian door distributor and service company. Capital Door Service was founded in 1999 and is based in Sacramento, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Arran Isle

Bradford, United Kingdom

Arran Isle is a designer, manufacturer and distributor of door and window hardware. Arran Isle has a strong portfolio of own and partner brands, which outperform the market including Carlisle Brass, Eurolite, Locks & Hardware, Mila Hardware, and Mila Maintenance. Arran Isle was founded in 1890 and is based in Bradford, England.

Buy -

Seller(S) 1

SELLER

Spectrum Brands

Middleton, Wisconsin, United States

website


Category Company
Sector Consumer Products
Employees12,100
Revenue 3.1B USD (2022)
DESCRIPTION

Spectrum Brands is a diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders’ hardware and faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents. Spectrum Brands is based in Middleton, Wisconsin.


DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 1 of 1
Type (Divestiture) 4 of 4
State (California) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Rejuvenate

Miramar, Florida, United States

Founded in 1998, For Life Products is a manufacturer of innovative household cleaning, maintenance, and restoration products sold under the Rejuvenate brand. Rejuvenate has grown from a single Floor Restorer to a full line of over 50 home cleaning and restoration products designed to clean, restore, and protect customers’ homes. Available nationwide and in Canada, at major blue-chip retail chains, Rejuvenate has consistently delivered premium products designed to improve the quality of everyday life.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Tristar Products - Appliance and Cookware Business

Santa Rosa Beach, Florida, United States

Tristar Products's Appliance and Cookware Business includes distributions of home appliances and cookware categories.

Buy $325M