ASSA ABLOY put its Yale and Emtek brands on the selling block as it seeks to reverse U.S. antitrust opposition over its intent to acquire Spectrum Brands’ Hardware and Home Improvement (HHI) division.
In September, ASSA ABLOY said it had signed an agreement to acquire the HHI division for $4.3 billion. On Sept. 15, the U.S. Department of Justice’s Anti-Trust Division sued the Sweden-based company to stop the sale, contending that Spectrum Brands is ASSA ABLOY’s largest competitor in supplying the $2.4 billion residential door hardware industry in the U.S.