Resideo Technologies, a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, announced it will acquire First Alert, a provider of home safety products, from Newell Brands Inc. for $593 million in an all cash transaction, or approximately $547 million net of expected future tax benefits.
Established in 1969 and based in Aurora, Ill., First Alert is a leader in the home safety market with an omni-channel presence serving end users directly through retail and e-commerce channels and professional contractors through relationships with distributors and homebuilders. First Alert offers a portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, and fire extinguishers and other suppression solutions. Products are marketed through the First Alert, BRK and Onelink brands.