Black & Decker Acquires Masco Lock-set Business

The Black & Decker Corp. acquired, on September 30, 2003, Baldwin Hardware Corp. and Weiser Lock Corp. from Masco Corp. The cash purchase price for the transaction was approximately US$275 million. As a result of the acquisition, Black & Decker acquired Masco’s residential lock-set businesses, including Masco’s residential lock-set business in Canada.

Black & Decker was represented in Canada by Davies Ward Phillips & Vineberg LLP, with a team that included George Addy, John Bodrug and Christopher Margison (competition); and in the US by Mary Azcuenaga, Joan Heim and Kathleen Benway (competition) of Heller Ehrman White & McAuliffe LLP in Washington, DC.

Masco was represented in Canada by Stikeman Elliott LLP in Ottawa, with a team that included Randall Hofley,D. Jeffrey Brown and Kim Alexander-Cook (competition); and in the US by David Ettinger and Ramsey Wilson of Honigman Miller Schwartz and Cohn LLP in Detroit.