DEERFIELD, Ill.--(BUSINESS WIRE)--
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading
home and security products company, today announced that it has been
named to FORTUNE magazine's 2012 List of World's Most Admired Companies.
The company ranked No. 3 in the "Home Equipment, Furnishings" category,
ahead of its direct competitors.
"We are proud of this ranking, which is a reflection of our 16,000
associates around the world who do great work every day on behalf of our
shareholders, customers and consumers," said Chris Klein, chief
executive officer, Fortune Brands Home & Security, Inc. "It is
especially gratifying to receive this honor after only five months as an
independent company. We believe we are well-positioned to remain
successful regardless of the pace of the housing recovery, with
efficient supply chains, a strong capital structure and a clear
strategy," Klein said.
FBHS spun off from Fortune Brands, Inc. in October 2011.
FORTUNE's World's Most Admired Companies list is the definitive report
card on corporate reputations. Hay Group, a global management consulting
firm, has collaborated with FORTUNE annually since 1997 to identify,
select and rank the World's Most Admired Companies and uncover
the business practices that make these companies highly regarded among
their peers. The list is based on an annual survey given to top
executives, directors and financial analysts to identify the companies
that enjoy the strongest reputations within their industries and across
industries. To compile the rankings, corporate reputation and
performance are measured against nine key attributes: innovation, people
management, use of corporate assets, social responsibility, quality of
management, financial soundness, long-term investment, quality of
products and services, and global competitiveness.
Among those attributes, FBHS ranked No. 1 in its industry in "Use of
Corporate Assets" and No. 2 in "Quality of Management" and "Financial
Soundness."
The full World's Most Admired Companies list can be found on the FORTUNE
magazine website at www.fortune.com.
About Fortune Brands Home & Security, Inc.
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in
Deerfield, Ill., creates products and services that help fulfill the
dreams of homeowners and help people feel more secure. The company's
trusted brands include Master Lock security products, MasterBrand
cabinets, Moen faucets, Simonton windows and Therma-Tru entry door
systems. FBHS holds market leadership positions in all of its segments.
The company's 16,000 associates generated more than $3.3 billion in net
sales in 2011. FBHS is part of the S&P MidCap 400 Index. For more
information, please visit www.FBHS.com.
Fortune Brands Home & Security, Inc.
Media Contact:
Gary
Ross, 847-484-4456
gary.ross@FBHS.com
or
Investor
Contact:
Brian Lantz, 847-484-4574
brian.lantz@FBHS.com
Source: Fortune Brands Home & Security, Inc.
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