Fortune Brands Innovations
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Fortune Brands Home & Security (NYSE: FBHS) is a company created on October 3, 2011 from part of the former Fortune Brands holding company.[1] The company headquarters is in Deerfield, Illinois,[1] which is in the vicinity of the Chicago metropolitan area. 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 that it has 16,000 associates that generated more than $3.2 billion in net sales in 2010.[1]
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.[2]
References
- ^ a b c d e Fortune Brands Home & Security Now Independent, Begins Trading on NYSE, Businesswire, October 4, 2011.
- ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.