Resideo Completes Acquisition of First Alert, Inc.

Rhea-AI Summary

Resideo Technologies (NYSE: REZI) has successfully acquired First Alert, Inc. from Newell Brands Inc. (Nasdaq: NWL), enhancing its portfolio in the home safety sector. This acquisition aligns with Resideo's strategy to provide comprehensive home comfort and security solutions. First Alert is known for its extensive range of safety products, including smoke alarms and carbon monoxide detectors, marketed under well-established brands. This strategic move supports Resideo's aim to extend its market reach and reinforce its position as a leader in home safety solutions.

Positive

• Acquisition enhances Resideo's portfolio in home safety products.
• First Alert's established market presence and brand recognition.
• Strategic alignment with Resideo's home comfort and security solutions.

Negative

• None.

SCOTTSDALE, Ariz., April 1, 2022 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, today announced that it has completed the acquisition of First Alert, Inc., a leading provider of home safety products, from Newell Brands Inc. (Nasdaq: NWL).

Based in Aurora, Illinois, First Alert is a leader in the home safety market with an omni-channel presence serving end users directly through retail and e-commerce channels and professional contractors through relationships with distributors and homebuilders. First Alert offers a comprehensive portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, and fire extinguishers and other suppression solutions. Products are marketed through the First Alert^®, BRK^® and Onelink^® brands.

About Resideo

Resideo is a leading global manufacturer and distributor of technology-driven products and solutions that provide comfort, security, energy efficiency and control to customers worldwide. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. We continue to serve more than 110,000 professionals through leading distributors, including our ADI Global Distribution business, which exports to more than 100 countries from nearly 200 stocking locations around the world. For more information about Resideo, please visit www.resideo.com

Resideo Contacts:
Investors:	Media:
Jason Willey	Bruce Eric Anderson
investorrelations@resideo.com	bruce.e.anderson@resideo.com

 

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SOURCE Resideo Technologies, Inc.

FAQ

What did Resideo Technologies acquire from Newell Brands?

Resideo Technologies acquired First Alert, Inc., a leading provider of home safety products.

When was the acquisition of First Alert by Resideo completed?

The acquisition was completed on April 1, 2022.

How does the acquisition of First Alert impact Resideo?

The acquisition is expected to enhance Resideo's product offerings in the home safety market and strengthen its market position.

What products does First Alert offer?

First Alert offers smoke alarms, carbon monoxide alarms, fire extinguishers, and other safety solutions.

What is the significance of acquiring First Alert for Resideo?

This acquisition supports Resideo's strategy for market expansion in home safety and security solutions.