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. 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.
Fortune Brands Home & Security was created on October 3, 2011, from part of the former Fortune Brands holding company. The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business. On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy. Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014.
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.

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