Fortune Brands Innovations

Fortune Brands Innovations, Inc. (or "Fortune Brands") is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates[1] and posted full-year 2021 net sales of $7.7 billion.[1]

History

Fortune Brands Home & Security, Inc. began trading on the New York Stock Exchange under the ticker symbol FBHS on October 3, 2011. Prior to its spin-off, the company operated as a division of the former Fortune Brands, Inc. holding company.[2]

Business segments

As of April 28, 2022, Fortune Brands has three reporting segments: Water Innovations, Outdoors & Security and Cabinets.

Water Innovations

Fortune Brands' Water Innovations segment (formerly the Global Plumbing Group)[5][6] is headquartered in North Olmsted, Ohio. The segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals, predominantly under the Moen and House of Rohl brands, which includes luxury branded plumbing products from Riobel, Perrin & Rowe, Victoria + Albert and Shaws. In addition to offering faucets, showers, tubs, sinks and accessories, the Moen brand is expanding its home whole water management and digital offerings with the Moen Smart Water Network.[7][8]

Outdoors & Security

Fortune Brands' Outdoors & Security segment is headquartered in Maumee, Ohio. Formerly operating under "Doors & Security",[9] its name was changed to Outdoors & Security[10] in November 2020 preceding the acquisition of Larson in December 2020.[11] The Outdoors & Security segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand name, storm, screen and security doors under the Larson brand name, composite decking and railing under the Fiberon brand name, and urethane millwork under the Fypon brand name. Fortune Brands acquired Solar Innovations in January 2022 to support the segment’s outdoor living strategy.[12] The Outdoors & Security segment also manufactures, sources and distributes locks, safety and security devices, and electronic security products under the Master Lock and American Lock brands and fire resistant safes, security containers and commercial cabinets under the SentrySafe brand.[13]

Cabinets

Fortune Brands' previously had a Cabinets segment that was headquartered in Jasper, Indiana. MasterBrand Cabinets manufacturers and sells stock and semi-custom and custom cabinetry, as well as vanities for the kitchen, bath and other parts of the home. Brands within the MasterBrand Cabinets portfolio include Omega, Decora, Diamond, Aristokraft, Urbana, Mantra, and more. In April of 2022 Fortune Brands announced its intent to separate into two separate publicly traded companies via a tax-free spin-off of the Cabinets business.[14][15]

former name	Fortune Brands Home & Security, Inc.
type	Public
traded as	nyse: FBIN S&P 400 component
founded	2011
hq location	Deerfield, Illinois, U.S.
key people	Nicholas I. Fink, CEO
products	Home & Security
revenue	US$7.7 billion (2021)‡R1R‡
subsid	Moen Incorporated House of Rohl Therma-Tru Larson Fiberon Master Lock Sentry Group MasterBrand Cabinets
net income	US$1.1 billion (2021)‡R1R‡
assets	US$7.9 billion (2021)‡R1R‡
equity	US$3.1 billion (2021)‡R1R‡
num employees	28,000 (2021)‡R1R‡
website	fbin.com

Fortune Brands Innovations

History

Business segments

Water Innovations

Outdoors & Security

Cabinets

Mergers, acquisitions and divestitures

Financial performance

Leadership

Board of directors

Awards

External links

References