DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal

The Justice Department said Friday that it has settled its antitrust challenge to the Swedish lockmaker Assa Abloy’s planned acquisition involving a U.S. rival, putting the $4.3 billion deal on track for completion.

Assa Abloy sells locks under various brand names. In September 2021, it announced plans to buy Middleton, Wis.-based Spectrum Brands’ Hardware and Home Improvement segment. The Justice Department sued in September 2022 to block the deal, saying it would diminish competition in the residential door hardware industry and raise prices.