Fortune Brands Innovations: Difference between revisions
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==External links== |
==External links== |
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*{{official|http://www.fbhs.com/}} |
*{{official website|http://www.fbhs.com/}} |
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Revision as of 02:32, 11 May 2012
Fortune Brands Home & Security (NYSE: FBHS) is a maker of home fixtures and hardware. The company's product lines include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems.[1] The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.2 billion in net sales in 2010.[1]
FBHS was created on October 3, 2011 from part of the former Fortune Brands holding company.[1] The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business.[2][3] On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.[4]
The company headquarters is in Deerfield, Illinois,[1] which is in the vicinity of the Chicago metropolitan area.
The company is included in the S&P MidCap 400 index.[1]
On October 18, 2011, it was announced that Pershing Square Capital Management owned a 15% stake in the company, and considered its stock to be a very attractive investment.[5]
References
- ^ a b c d e Fortune Brands Home & Security Now Independent, Begins Trading on NYSE, Businesswire, October 4, 2011.
- ^ Smith, A., Jim Beam, neat, is company's new strategy, CNN Money, December 8, 2010.
- ^ Fortune Brands Announces Intent to Separate Company's Three Businesses, The Wall Street Journal, December 8, 2010.
- ^ Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader, Businesswire, October 4, 2011.
- ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.
External links
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