M&A Deal Summary

Fortune Brands Acquires ASSA ABLOY - Emtek and Schaub

On December 1, 2022, Fortune Brands acquired furniture company ASSA ABLOY - Emtek and Schaub from ASSA ABLOY for 800M USD

Acquisition Highlights
  • This is Fortune Brands’ 2nd transaction in the Furniture sector.
  • This is Fortune Brands’ 2nd largest (disclosed) transaction.
  • This is Fortune Brands’ 1st transaction in Sweden.

M&A Deal Summary

Date 2022-12-01
Target ASSA ABLOY - Emtek and Schaub
Sector Furniture
Buyer(s) Fortune Brands
Sellers(s) ASSA ABLOY
Deal Type Divestiture
Deal Value 800M USD

Target

ASSA ABLOY - Emtek and Schaub

Stockholm, Sweden
ASSA ABLOY's Emtek and Schaub provides premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business at Stockholm, Sweden.

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Buyer(S) 1

Buyer

Fortune Brands

Deerfield, Illinois, United States

Category Company
Founded 1988
Sector Safety/Security
Employees28,000
Revenue 4.6B USD (2023)
DESCRIPTION
Fortune Brands' corporate headquarters in Deerfield, Illinois.
Fortune Brands' corporate headquarters in Deerfield, Illinois.

Fortune Brands is a provider of home and security products and services for use in residential home repair, remodeling, new construction, and security and storage applications. The Company’s brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. Fortune Brands was founded in 1988 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 12 of 12
Sector (Furniture) 2 of 2
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2022) 3 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Aqualisa Products

Kent, United Kingdom

Aqualisa Products is the designer and manufacturer of a range of digital, mixer and electric showers and accessories. Aqualisa Products was founded in 1976 and is based in Kent, United Kingdom.

Buy -

Seller(S) 1

SELLER

ASSA ABLOY

Stockholm, Sweden

Category Company
Founded 1954
Sector Manufacturing
Employees62,538
Revenue 140.7B SEK (2023)
DESCRIPTION

ASSA ABLOY 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 4 of 5
Sector (Furniture) 1 of 1
Type (Divestiture) 4 of 5
Country (Sweden) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 D&D Technologies

Frenchs Forest, Australia

D&D Technologies is a designer and manufacturer of premium gate hardware. D&D Technologies was founded in 1989 and is based in Frenchs Forest, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Mottura

Sant'Ambrogio di Torino, Italy

Mottura is a manufacturer of high-security residential armored lock cases and security cylinders. Mottura was established in 1972 and is based in Sant'Ambrogio di Torino, Italy.

Buy -