FORTUNE BRANDS HOME & SECURITY NOW INDEPENDENT, BEGINS TRADING ON NYSE
DEERFIELD, Ill. - October 4, 2011 - Fortune Brands Home & Security (NYSE: FBHS), the industry-leading home and security products company, this morning begins its first full day as an independent company, following its spin-off from Fortune Brands late yesterday, October 3. The company's stock will start trading today on the New York Stock Exchange under the symbol "FBHS."
Fortune Brands Home & Security's trusted brands include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. The company posted net sales of $3.2 billion in 2010 and continues to be profitable and outperform the market, despite challenging times for its industry.
"This is an exciting day for everyone at Fortune Brands Home & Security. We have spent years working hard to build legendary brands that enhance and make a difference in peoples' lives, and now we're ready to set out on our own," said Christopher J. Klein, chief executive officer, Fortune Brands Home & Security. "Our brands, and of course our customers and consumers, will benefit from the focus we can bring to our business as an independent company. We are committed to continued consumer-driven product innovation, providing the best customer service and running the leanest and most efficient supply chains in the business. We are successful today, even in this challenging market, and we are well-positioned to accelerate growth when our market eventually recovers."
To commemorate the company's spin-off and its new stock listing, Klein and other members of the FBHS management team will ring the NYSE's Opening Bell on Friday, October 7, at 9:30 a.m. Eastern Time. A live webcast of the event is available at www.nyse.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, 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 $3.2 billion in net sales in 2010. FBHS is part of the S&P MidCap 400 Index. For more information, please visit www.fbhs.com.
MEDIA CONTACT:
Gary Ross
847-484-4456
gary.ross@fbhs.com
INVESTOR CONTACT:
Brian Lantz
847-484-4574
brian.lantz@fbhs.com