FBHS

Enterra Solutions Announces Multi-Year SaaS Contract with Fortune Brands Water Innovations for Advanced Trade Promotion and Pricing Optimization

Retrieved on: 
Tuesday, January 24, 2023

Enterra Solutions , the leader in autonomous value-chain optimization and decision-making solutions, and Fortune Brands Water Innovations (“Fortune Brands”), a business segment within the industry-leading home and security company Fortune Brands Home & Security, Inc. (NYSE: FBHS), have announced their partnership under a multi-year Solution-as-a-Service contract.

Key Points: 
  • Enterra Solutions , the leader in autonomous value-chain optimization and decision-making solutions, and Fortune Brands Water Innovations (“Fortune Brands”), a business segment within the industry-leading home and security company Fortune Brands Home & Security, Inc. (NYSE: FBHS), have announced their partnership under a multi-year Solution-as-a-Service contract.
  • Fortune Brands will deploy the Enterra Revenue Growth Intelligence System™ (ERGIS™) to evolve its trade promotion planning process as well as optimize its pricing strategies for all product lines across North America.
  • Integration of Enterra’s technology will enable Fortune Brands to accelerate profitable growth in today’s ever-changing and complex marketplace.
  • “By deploying Enterra’s trade promotion and pricing optimization capabilities, Fortune Brands is committing to advancing their business operations by enabling scalable and reliable AI systems to perform trade promotion and pricing optimization and decision-making,” said Stephen DeAngelis, Enterra Founder, President, and CEO.

Fortune Brands Declares Quarterly Dividend

Retrieved on: 
Tuesday, December 13, 2022

Fortune Brands Home & Security, Inc. (NYSE: FBHS) announced that on December 12, 2022, its Board of Directors declared a quarterly cash dividend for Fortune Brands Innovations, Inc. (NYSE: FBIN) of $0.23 per common share.

Key Points: 
  • Fortune Brands Home & Security, Inc. (NYSE: FBHS) announced that on December 12, 2022, its Board of Directors declared a quarterly cash dividend for Fortune Brands Innovations, Inc. (NYSE: FBIN) of $0.23 per common share.
  • The Fortune Brands Innovations dividend is payable on March 15, 2023, to Fortune Brands Innovations stockholders of record as of the close of business on February 24, 2023.
  • As previously announced, the Company is changing its name to Fortune Brands Innovations, Inc. and its ticker symbol to FBIN, effective December 15, 2022.
  • The Fortune Brands Innovations dividend announced today will be the first dividend paid out under the Companys new name, underscoring that Fortune Brands Innovations remains committed to creating shareholder value.

Fortune Brands Outlines Go-Forward Strategies for Two World-Class Publicly Traded Companies at 2022 Investor Day

Retrieved on: 
Tuesday, December 6, 2022

Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, today will host an Investor Day in advance of its planned separation into two world-class companies, which is expected to occur on December 14, 2022.

Key Points: 
  • Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, today will host an Investor Day in advance of its planned separation into two world-class companies, which is expected to occur on December 14, 2022.
  • Shortly after the separation of MasterBrand, Inc. (NYSE: MBC or MasterBrand), Fortune Brands will be changing its name to Fortune Brands Innovations, Inc., reflecting the Companys focus on driving accelerated growth in its categories through brands and innovation.
  • In the morning session, Fortune Brands CEO Nicholas Fink and his leadership team will explain why Fortune Brands is poised for accelerated growth and productivity, including its pursuit of exciting, supercharged categories.
  • I am thrilled to introduce Fortune Brands Innovations, a brand, innovation and channel leader in the home, security and commercial building markets.

ASSA ABLOY sells Emtek and the Smart Residential business in the U.S. and Canada in furtherance of the proposed acquisition of the Hardware and Home Improvement division

Retrieved on: 
Friday, December 2, 2022

On September 15, 2022, the U.S. Department of Justice ("DOJ") announced that it will seek to block the proposed acquisition of HHI.

Key Points: 
  • On September 15, 2022, the U.S. Department of Justice ("DOJ") announced that it will seek to block the proposed acquisition of HHI.
  • ASSA ABLOY has entered into binding agreements with Fortune Brands for the sale of Emtek and the Smart Residential business in the U.S. and Canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of HHI.
  • Residential businesses outside of the U.S. and Canada are not in scope to be divested.
  • "With Fortune Brands our excellent US and Canadian residential businesses will get a good and strong home with an experienced owner.

ASSA ABLOY sells Emtek and the Smart Residential business in the U.S. and Canada in furtherance of the proposed acquisition of the Hardware and Home Improvement division

Retrieved on: 
Friday, December 2, 2022

On September 15, 2022, the U.S. Department of Justice ("DOJ") announced that it will seek to block the proposed acquisition of HHI.

Key Points: 
  • On September 15, 2022, the U.S. Department of Justice ("DOJ") announced that it will seek to block the proposed acquisition of HHI.
  • ASSA ABLOY has entered into binding agreements with Fortune Brands for the sale of Emtek and the Smart Residential business in the U.S. and Canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of HHI.
  • Residential businesses outside of the U.S. and Canada are not in scope to be divested.
  • "With Fortune Brands our excellent US and Canadian residential businesses will get a good and strong home with an experienced owner.

Fortune Brands Announces Agreement to Acquire Emtek and Schaub Premium Residential Hardware Brands and the U.S. and Canadian Yale and August Residential Smart Lock Brands from ASSA ABLOY

Retrieved on: 
Friday, December 2, 2022

Yale and August will bring two great brands and significant engineering expertise into our already powerful security portfolio.

Key Points: 
  • Yale and August will bring two great brands and significant engineering expertise into our already powerful security portfolio.
  • This transaction is consistent with Fortune Brands disciplined approach to value-creating acquisitions.
  • We can accelerate growth and profitability by deploying our Fortune Brands Advantage capabilities to create value for all stakeholders, added Fink.
  • With revenues of approximately $350 million in 2021, the Business is comprised of leadership brands in the fast-growing smart lock and the highly profitable and growing premium and luxury hardware categories.

Fortune Brands Announces Effectiveness of the Form 10 Registration Statement for MasterBrand

Retrieved on: 
Thursday, December 1, 2022

Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, today announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand, Inc. (MasterBrand).

Key Points: 
  • Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, today announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand, Inc. (MasterBrand).
  • Hackett has served as a member of the Fortune Brands Board of Directors since 2011 and the Capital One Financial Corporation Board of Directors since 2004.
  • The transformation of MasterBrand over the past few years has been nothing short of amazing, said Fortune Brands Chief Executive Officer Nicholas Fink.
  • Leadership from Fortune Brands and MasterBrand will speak to their respective strategies at the Companys upcoming Investor Day on December 6, 2022.

Fortune Brands Board of Directors Approves Separation of MasterBrand, Inc.

Retrieved on: 
Tuesday, November 22, 2022

Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, Inc. (MasterBrand), via a tax-free spin-off.

Key Points: 
  • Fortune Brands Home & Security, Inc. (NYSE: FBHS or Fortune Brands or the Company), an industry-leading home and security products company, announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, Inc. (MasterBrand), via a tax-free spin-off.
  • Fortune Brands will distribute an information statement to all stockholders entitled to receive the distribution of MasterBrands shares.
  • Fortune Brands stockholders who sell their shares of Fortune Brands common stock in the regular-way market after the record date and up to and including the distribution date will be selling their right to receive shares of MasterBrand in connection with the separation.
  • As previously announced, following the distribution date, Fortune Brands intends to change its name to Fortune Brands Innovations, Inc. and its ticker symbol to FBIN.

Fiberon announces distribution partnership with Hixson Lumber

Retrieved on: 
Monday, November 7, 2022

Fiberon, a leading manufacturer of composite wood-alternative decking and railing products, today announced a partnership with Hixson Lumber Company, a major supplier of wood products.

Key Points: 
  • Fiberon, a leading manufacturer of composite wood-alternative decking and railing products, today announced a partnership with Hixson Lumber Company, a major supplier of wood products.
  • Currently, Hixson Lumber distributes pressure-treated lumber for deck framing, making it possible for dealers to acquire all materials from one source.
  • View the full release here: https://www.businesswire.com/news/home/20221107005708/en/
    Fiberons new partnership with Hixson Lumber Company expands Fiberons reach in Texas, Louisiana, Arkansas and Oklahoma.
  • Our new partnership with Hixson Lumber positions us to work with top-tier distributors in these key markets, and represents a significant growth opportunity for our business, said Chris Hayn, vice president of sales for Fiberon.

Company Announces it is Rebranding as Fortune Brands Innovations, Inc., Effective Following Separation of Cabinets Business

Retrieved on: 
Thursday, October 27, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221027005819/en/
    The upcoming separation marks a new beginning for our company, enabling an increased focus on brands, innovation and channel leadership, and accelerated growth and productivity.
  • Within the Fortune Brands Innovations portfolio, brands and innovation are core to everything we do, and our new brand identity highlights these unifying and distinguishing characteristics, said Fortune Brands Chief Executive Officer Nicholas Fink.
  • Our new name, Fortune Brands Innovations, Inc., is a reflection of where we are heading and why we will continue to outperform.
  • Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, IL., is a Fortune 500 company, part of the S&P 500 Index and a leader in the home products industry.