---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-173885"
form_type: "8-K"
ticker: "FBIN"
cik: "0001519751"
company_name: "Fortune Brands Innovations, Inc."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:59:38.374424+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fortune Brands Innovations completes $800M acquisition of Emtek, Yale and August businesses from ASSA ABLOY

## Summary
- Acquired Emtek/Schaub premium hardware and US/Canada Yale/August smart locks for $800M cash on debt-free basis.
- Transaction closed June 20, 2023, per Stock Purchase Agreement dated December 1, 2022.
- ASSA ABLOY to provide transition services for an initial 12-month period.
- Company receives perpetual non-exclusive patent license and exclusive 'Yale Access' software license in US/Canada.
- Fortune Brands grants ASSA ABLOY a perpetual non-exclusive license for certain smart lock patents in commercial lock business.

## SEC filing metadata
- accession: 0001193125-23-173885
- form_type: 8-K
- ticker: FBIN
- cik: 0001519751
- company_name: Fortune Brands Innovations, Inc.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519751/000119312523173885/0001193125-23-173885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519751/000119312523173885/d442345d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-173885
- JSON: https://secwatch.observer/filing/0001193125-23-173885.json
- Plain text: https://secwatch.observer/filing/0001193125-23-173885.txt

## Key facts
- M&A Transactions
  Fortune Brands Innovations, Inc. completed an acquisition involving ASSA ABLOY Inc. for $800 million in cash on a cash-free, debt-free basis (closed 2023-06-20).
  - Action: acquisition
  - Counterparty: ASSA ABLOY Inc.
  - Consideration: $800 million in cash on a cash-free, debt-free basis
  - Closing: 2023-06-20
  source text: On June 20, 2023, in accordance with the terms and conditions of the Stock Purchase Agreement, dated as of December 1, 2022, by and among ASSA ABLOY Inc. (“Assa”), ASSA ABLOY AB, the parent of Assa, solely for purposes of Section 13.20 thereunder, and Fortune Brands Innovations, Inc. (the “Company”) (as amended, supplemented or modified from time to time, the “Purchase Agreement” and, the transactions contemplated thereby, the “Transaction”), the Company completed its previously announced acquisition of the “Emtek” and “Schaub” premium and luxury door and cabinet hardware business and the United States and Canada “Yale” and “August” residential smart home locks business (collectively, the “Business”) from Assa and its affiliates, for $800 million in cash on a cash-free, debt-free basis, subject to customary adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519751/000119312523173885/0001193125-23-173885-index.htm

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