Fortune Brands Innovations
 | |
| Company type | Public company |
|---|---|
| NYSE: FBHS S&P 400 MidCap Index | |
| 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 is a manufacturer of home fixtures and hardware, headquartered in Deerfield, Illinois. The company's product lines include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows, 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]
The company is included in the S&P MidCap 400 index.[2]
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.[7]
References
- ^ "Leadership-Executive Committee". Fortune Brands Home & Security.
- ^ a b c d e "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance.
- ^ a b c 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.