Fortune Brands Innovations
 | |
| Company type | Public |
|---|---|
| Founded | 2011 |
| Headquarters | Deerfield, Illinois, U.S. |
Key people | Christopher Klein, President & CEO[1] |
| Products | Fixtures hardware |
| Revenue |  US$5.0 billion (2016)[2] |
| 413 million (2016)[2] | |
| Total assets | US$5.1 billion (2016)[2] |
| Total equity | US$2.4 billion (2016)[2] |
Number of employees | 24,700[3] (2019) |
| Website | fbhs |
Fortune Brands 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.[4] The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated $5.0 billion in net sales in 2016.[4]
Fortune Brands Home & Security was created on October 3, 2011, from part of the former Fortune Brands holding company.[4] The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business.[5][6] On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy.[7] Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014.[8][9]
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.[10]
References
- ^ "Leadership-Executive Committee". Fortune Brands Home & Security.
- ^ a b c d "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance.
- ^ "Fortune Brands Home & Security". Fortune. Retrieved 2019-01-07.
- ^ a b c Fortune Brands Home & Security Now Independent, Begins Trading on NYSE Archived October 13, 2011, at the Wayback Machine, 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 Archived October 14, 2011, at the Wayback Machine, 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:
