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'''Fortune Brands Home & Security, Inc.''' (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in [[Deerfield, Illinois]]. The company's product lines include [[Master Lock]], Sentry Safe, MasterBrand Cabinets, [[Moen (company)|Moen faucets]], Therma-Tru entry door systems, and Waterloo tool storage products.<ref name=NowIndependent/> The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.6 billion in net sales in 2012.<ref name=NowIndependent/> |
'''Fortune Brands Home & Security, Inc.''' (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in [[Deerfield, Illinois]]. The company's product lines include [[Master Lock]], Sentry Safe, MasterBrand Cabinets, [[Moen (company)|Moen faucets]], Therma-Tru entry door systems, and Waterloo tool storage products.<ref name=NowIndependent/> The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.6 billion in net sales in 2012.<ref name=NowIndependent/> |
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Fortune Brands Home & Security was created on October 3, 2011 from part of the former [[Fortune Brands]] holding company.<ref name=NowIndependent>[http://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 Fortune Brands Home & Security Now Independent, Begins Trading on NYSE], ''Businesswire'', October 4, 2011.</ref> The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the [[liquor]] business.<ref>Smith, A., [http://money.cnn.com/2010/12/08/news/companies/jim_beam_titleist/index.htm Jim Beam, neat, is company's new strategy], ''CNN Money'', December 8, 2010.</ref><ref name = WSJ3>[http://online.wsj.com/article/PR-CO-20101208-903042.html?mod=wsjcrmain Fortune Brands Announces Intent to Separate Company's Three Businesses], ''The Wall Street Journal'', December 8, 2010.</ref> On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.<ref name=BeamIncBegins>[http://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader], ''Businesswire'', October 4, 2011.</ref> Beam Inc. was subsequently purchased by [[Suntory]] to become its [[Beam Suntory]] subsidiary in April, 2014.<ref>[http://www.suntory.com/news/2014/12050.html Beam Suntory], [[Suntory]] press release, April 30, 2014.</ref><ref>[http://online.wsj.com/news/articles/SB10001424052702304547704579563590503205778 Suntory Still has M&A Thirst], ''The Wall Street Journal'', May 15, 2014.</ref> |
Fortune Brands Home & Security was created on October 3, 2011 from part of the former [[Fortune Brands]] holding company.<ref name=NowIndependent>[http://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 Fortune Brands Home & Security Now Independent, Begins Trading on NYSE] {{wayback|url=http://finance.yahoo.com/news/Fortune-Brands-Home-Security-bw-1447000967.html?x=0 |date=20111013171845 }}, ''Businesswire'', October 4, 2011.</ref> The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the [[liquor]] business.<ref>Smith, A., [http://money.cnn.com/2010/12/08/news/companies/jim_beam_titleist/index.htm Jim Beam, neat, is company's new strategy], ''CNN Money'', December 8, 2010.</ref><ref name = WSJ3>[http://online.wsj.com/article/PR-CO-20101208-903042.html?mod=wsjcrmain Fortune Brands Announces Intent to Separate Company's Three Businesses], ''The Wall Street Journal'', December 8, 2010.</ref> On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.<ref name=BeamIncBegins>[http://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader] {{wayback|url=http://finance.yahoo.com/news/Beam-Inc-Begins-Life-as-a-bw-3227214555.html?x=0&.v=1 |date=20111014041308 }}, ''Businesswire'', October 4, 2011.</ref> Beam Inc. was subsequently purchased by [[Suntory]] to become its [[Beam Suntory]] subsidiary in April, 2014.<ref>[http://www.suntory.com/news/2014/12050.html Beam Suntory], [[Suntory]] press release, April 30, 2014.</ref><ref>[http://online.wsj.com/news/articles/SB10001424052702304547704579563590503205778 Suntory Still has M&A Thirst], ''The Wall Street Journal'', May 15, 2014.</ref> |
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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.<ref>Gammeltoft, N., and Fineman, J., [http://www.bloomberg.com/news/2011-10-18/ackman-discloses-15-stake-in-fortune-brands-home-shares-jump.html Ackman Says Pershing Square Owns 15% of Fortune Brands Home], Bloomberg, Oct. 18, 2011.</ref> |
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.<ref>Gammeltoft, N., and Fineman, J., [http://www.bloomberg.com/news/2011-10-18/ackman-discloses-15-stake-in-fortune-brands-home-shares-jump.html Ackman Says Pershing Square Owns 15% of Fortune Brands Home], Bloomberg, Oct. 18, 2011.</ref> |
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Revision as of 11:05, 3 January 2017
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| Company type | Public company |
|---|---|
| NYSE: FBHS S&P 500 Component | |
| Founded | 2011 |
| Headquarters | Deerfield, Illinois |
Key people | Christopher Klein, President & CEO[1] |
| Products | Fixtures hardware |
| Revenue |  US$ 3.33 billion (FY 2012)[2] |
| TBA (FY 2012)[2] | |
| Total assets |  US$3.64 billion (FY 2012)[2] |
| Total equity | US$2.12 billion (FY 2012)[2] |
| Website | www |
Fortune Brands Home & Security, Inc. (FBHS) is an American manufacturer of home fixtures and hardware, headquartered in Deerfield, Illinois. The company's product lines include Master Lock, Sentry Safe, MasterBrand Cabinets, Moen faucets, Therma-Tru entry door systems, and Waterloo tool storage products.[3] The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.6 billion in net sales in 2012.[3]
Fortune Brands Home & Security was created on October 3, 2011 from part of the former Fortune Brands holding company.[3] The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business.[4][5] On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.[6] Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014.[7][8]
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.[9]
References
- ^ "Leadership-Executive Committee". Fortune Brands Home & Security.
- ^ a b c d "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance.
- ^ a b c Fortune Brands Home & Security Now Independent, Begins Trading on NYSE Template:Wayback, 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 Template:Wayback, Businesswire, October 4, 2011.
- ^ Beam Suntory, Suntory press release, April 30, 2014.
- ^ Suntory Still has M&A Thirst, The Wall Street Journal, May 15, 2014.
- ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.
External links
- Official website
- Business data for Fortune Brands Home & Security: