Fortune Brands Home & Security
 |
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| Public company | |
| Traded as | 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] |
| Slogan | Building value, brand after brand |
| Website | www |
Fortune Brands Home & Security, Inc. (FBHS) 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.[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
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- ↑ 3.0 3.1 3.2 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.
- ↑ 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.
