M&A Deal Summary

Spectrum Brands Acquires Hardware & Home Improvement Group

On October 9, 2012, Spectrum Brands acquired consumer products company Hardware & Home Improvement Group from Stanley Black & Decker for 1.4B USD

Acquisition Highlights
  • This is Spectrum Brands’ 7th transaction in the Consumer Products sector.
  • This is Spectrum Brands’ 2nd largest (disclosed) transaction.
  • This is Spectrum Brands’ 6th transaction in the United States.

M&A Deal Summary

Date 2012-10-09
Target Hardware & Home Improvement Group
Sector Consumer Products
Buyer(s) Spectrum Brands
Sellers(s) Stanley Black & Decker
Deal Type Divestiture
Deal Value 1.4B USD

Target

Hardware & Home Improvement Group

United States
HHI is a manufacturer of residential locksets, residential builders’ hardware and faucets for residential applications with such renowned brands as Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL, Pfister and EZSET.

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Buyer(S) 1

Buyer

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 9 of 21
Sector (Consumer Products) 7 of 11
Type (Divestiture) 2 of 5
Country (United States) 6 of 16
Year (2012) 1 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 The Homax Group - Black Flag & TAT Brands

Bellingham, Washington, United States

The Black Flag and TAT product lines consist of liquids, aerosols, baits and traps that control ants, spiders, wasps, bedbugs and fleas and other insects, as well as roach, fly and yellow jacket products for motels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-12 Shaser Bioscience

Woburn, Massachusetts, United States

Shaser Bioscience, Inc. is a global technological leader in developing FDA-cleared, energy-based aesthetic dermatology devices, partnering with leading global consumer brands to bring these technologies into consumers’ homes. Shaser’s goal is to be the dominant provider of aesthetic devices to the consumer market, by developing proprietary technologies with clinically-proven performance, extensive intellectual property, superior engineering and design, and a relentless commitment to innovation.

Buy -

Seller(S) 1

SELLER

Stanley Black & Decker

New Britain, Connecticut, United States

website


Category Company
Founded 1843
Sector Diversified
Employees53,000
Revenue 14.5B USD (2020)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker dates back to 1843 and is based in New Britain, Connecticut.


DEAL STATS #
Overall 2 of 9
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 9
Country (United States) 1 of 7
Year (2012) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 Stanley Engineered Fastening

Singapore, Singapore

Stanley Engineered Fastening is a large producer of engineered mechanical fasteners. Its lead brands of AVDEL®, Camcar® and ELCO® products have a long industry heritage with origins dating back to 1920. The Group provides innovative fastening technologies and solutions to numerous industries including global electronics, construction, automotive, industrial and commercial.

Buy $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-24 Techco Security

Madrid, Italy

Techco Security is a provider of electronic security solutions, including intrusion and video surveillance, access control and fire protection. Techco Security is based in Madrid, Italy.

Sell -