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Fortune Brands Completes Acquisition
June 21, 2023
Fortune Brands Innovations, Inc., an industry-leading home, security and commercial building products company, announced it has completed the acquisition of the Emtek and Schaub premium and luxury door and cabinet hardware business, and the U.S. and Canadian Yale and August residential smart locks business from ASSA ABLOY.
“I am thrilled that Yale, Emtek, August and Schaub have now officially joined the Fortune Brands family. These world-class brands fit perfectly with our portfolio and will accelerate strategic initiatives across our organization. With this acquisition, we will increase Fortune Brands’ scale in connected products, drive innovation and expand our offering in the luxury home products market. We look forward to welcoming our new associates and are confident this acquisition will result in enhanced, innovative products for consumers and customers. This transaction is a great example of Fortune Brands’ disciplined approach to value-creating acquisitions and our larger growth strategy.” – Nicholas Fink, CEO, Fortune Brands Innovations