Active engagement and an understanding of relevant regulations help prevent being taken advantage of in government mandated relocations in China
- Hardware & Home Improvement (HHI) is a division of Spectrum Brands Holdings, Inc. (NYSE: SPB). Spectrum Brands is a global, diversified consumer products company and a leading supplier of consumer batteries, residential locksets, residential builders’ hardware and faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents.
- In 2013, HHI was requested by the government to move its factory in Zhongshan city, Guangdong province to an industrial park. Tractus was retained by HHI to negotiate compensation with the local government and the designated real estate developers in its new location to ensure the efficient relocation of the facility and a process that was fully compliant with government regulations.