Spectrum Brands Holdings acquired Tell Manufacturing, Inc., a transaction completed in October 2014, structured as All-cash acquisition.
Tell Manufacturing, Inc. operates in Hardware & Home Improvement, is based in United States. Spectrum Brands' Hardware and Home Improvement (HHI) Group completed the acquisition of privately owned Tell Manufacturing, a leading U.S. manufacturer and distributor of commercial doors, locks and hardware with annual revenues of nearly $40 million. The deal accelerated HHI's entry into the roughly $3 billion U.S. commercial door hardware and lock market. A definitive agreement had been announced on September 18, 2014.
Accelerated HHI's expansion into the commercial door hardware and lock market, adding a strong commercial security sales position, leading share in the modular building industry, new non-retail channels, cross-selling opportunities, and hollow-metal door manufacturing expertise.
Advisory firms were not disclosed for this transaction.