ASSA ABLOY completed the acquisition of hardware and home improvement division of Spectrum Brands for $4.3bn.

ASSA ABLOY, a firm that develops, designs, and manufactures a complete range of door opening solutions, completed the acquisition of hardware and home improvement division of Spectrum Brands, a consumer product company, for $4.3bn. "We are very pleased to complete this transaction, which is the culmination of a tremendous amount of hard work. I am thankful for our management team’s efforts and the steadfast support and encouragement of our Board of Directors and stockholders. We could not have asked for a better partner in ASSA ABLOY and could not be happier to have them as the new stewards of our business and employer of our former colleagues," David Maura, Spectrum Brands Chief Executive Officer.