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Spectrum Brands to Acquire Stanley Black & Decker's Hardware & Home Improvement Group for $1.4B in Cash

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Spectrum Brands (NYSE: SPB) announced today that it has signed a
definitive agreement to acquire the Hardware & Home Improvement Group
(“HHI”) of Stanley Black & Decker, Inc. (NYSE: SWK) for $1.4 billion in
cash.

HHI is a manufacturer of residential locksets, residential builders'
hardware and faucets for residential applications with such renowned
brands as Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL,
Pfister and EZSET. HHI is a leader in its key markets with #1 positions
in U.S. residential locksets (Kwikset), Canada residential locksets
(Weiser), U.S. luxury locksets (Baldwin), and U.S. builders' hardware
(Stanley/National Hardware), and a top 5 position in U.S. faucets

See full press release

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