Fortune Brands Home & Security

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, Inc.

Type	Public
Traded as	NYSE: FBHS S&P 500 component
Founded	2011 (2011)
Headquarters	Deerfield, Illinois, U.S.
Key people	Christopher Klein, President & CEO[1]
Products	Fixtures hardware
Revenue	US$5.0 billion (2016)[2]
Net income	413 million (2016)[2]
Total assets	US$5.1 billion (2016)[2]
Total equity	US$2.4 billion (2016)[2]
Number of employees	24,700[3] (2019)
Website	fbhs.com

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]