---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-21-000048"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2021-09-08T23:59:59+00:00"
generated_at: "2026-06-29T05:04:48.617728+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands sells HHI segment to ASSA ABLOY for $4.3B cash; expects to delever to ~2.5x

## Summary
- Purchase price of $4.3B represents over 14x expected FY21 Adjusted EBITDA for HHI.
- Net proceeds of ~$3.5B will be used to repay debt, invest in growth, fund acquisitions, and return capital.
- Remaining business (Global Pet Care, Home & Garden, Home and Personal Care) had LTM net sales of $3.0B and adj. EBITDA of $386M (13.0% margin).
- Quarterly dividend of $0.42 per share to be maintained; sale expected to close after regulatory approvals.
- HHI results will be reported as discontinued operations starting Q4 FY2021.

## SEC filing metadata
- accession: 0000109177-21-000048
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2021-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917721000048/0000109177-21-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917721000048/spb-20210908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-21-000048
- JSON: https://secwatch.observer/filing/0000109177-21-000048.json
- Plain text: https://secwatch.observer/filing/0000109177-21-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.