ASSA ABLOY to acquire Kwikset, Baldwin in Spectrum Brands Acquisition
ASSA ABLOY will acquire the Hardware and Home Improvement (“HHI”) division of Spectrum Brands for $4.3 billion, the company announced.
Spectrum Brands’ HHI division is a provider of security, plumbing and builders' hardware products to the North American residential segment. Brands under the HHI division include Kwikset, Baldwin, Weiser, Pfister and National Hardware.