Fortune Brands Home & Security

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Fortune Brands Home & Security, Inc.
Type Public company
Traded as NYSEFBHS
S&P 400 MidCap Index
Founded 2011
Headquarters Deerfield, Illinois
Key people Christopher Klein, President & CEO[1]
Products Fixtures
hardware
Revenue IncreaseUS$ 3.33 billion (FY 2012)[2]
Net income TBA (FY 2012)[2]
Total assets DecreaseUS$3.64 billion (FY 2012')[2]
Total equity IncreaseUS$2.12 billion (FY 2012')[2]
Website www.fbhs.com

Fortune Brands Home & Security, Inc. (FBHS) 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] Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014.".[7][8]

FBHS 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.[9]

References[edit]

  1. ^ "Leadership-Executive Committee". Fortune Brands Home & Security. 
  2. ^ a b c d e "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance. 
  3. ^ a b c Fortune Brands Home & Security Now Independent, Begins Trading on NYSE, Businesswire, October 4, 2011.
  4. ^ Smith, A., Jim Beam, neat, is company's new strategy, CNN Money, December 8, 2010.
  5. ^ Fortune Brands Announces Intent to Separate Company's Three Businesses, The Wall Street Journal, December 8, 2010.
  6. ^ Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader, Businesswire, October 4, 2011.
  7. ^ Beam Suntory, Suntory press release, April 30, 2014.
  8. ^ Suntory Still has M&A Thirst, The Wall Street Journal, May 15, 2014.
  9. ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.

External links[edit]