Fortune Brands Home & Security

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Fortune Brands
Public company
Traded asNYSEFBHS
S&P 500 Component
PredecessorFortune Brands Edit this on Wikidata
Founded2011; 8 years ago (2011)
HeadquartersDeerfield, Illinois
Key people
Christopher Klein, President & CEO[1]
ProductsFixtures
hardware
RevenueIncreaseUS$ 5.0 billion (FY 2016)[2]
413 million (FY 2016)[2]
Total assetsIncreaseUS$5.1 billion (FY 2016)[2]
Total equityIncreaseUS$2.4 billion (FY 2016)[2]
Number of employees
23,870[3] (2017)
Websitefbhs.com

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[edit]

  1. ^ "Leadership-Executive Committee". Fortune Brands Home & Security.
  2. ^ a b c d "Fortune Brands Home & Security(FBHS)-Key Statistics". Yahoo! Finance.
  3. ^ "Fortune Brands Home & Security". Fortune. Retrieved 2019-01-07.
  4. ^ 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.
  5. ^ Smith, A., Jim Beam, neat, is company's new strategy, CNN Money, December 8, 2010.
  6. ^ Fortune Brands Announces Intent to Separate Company's Three Businesses, The Wall Street Journal, December 8, 2010.
  7. ^ Beam Inc. Begins Life as a Pure-Play Spirits Industry Leader Archived October 14, 2011, at the Wayback Machine, Businesswire, October 4, 2011.
  8. ^ Beam Suntory, Suntory press release, April 30, 2014.
  9. ^ Suntory Still has M&A Thirst, The Wall Street Journal, May 15, 2014.
  10. ^ Gammeltoft, N., and Fineman, J., Ackman Says Pershing Square Owns 15% of Fortune Brands Home, Bloomberg, Oct. 18, 2011.

External links[edit]