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Fortune Brands Home & Security, whose brands saw first-quarter profits jump to $12.5 million from the year-ago period's loss of $10.5 million. More
Fortune Brands Inc.--the conglomerate whose home products include such names as Moen faucets, Aristokraft and Kitchen Craft cabinets, Therma-Tru doors and Simonton wndows--announced the planned spin-off of its home and security unit into a separate company will take place Oct. 3. More
Fortune Brands--the conglomerate whose units include such home product lines as Moen faucets, Aristokraft and Kitchen Craft cabinets, Therma-Tru doors, Simonton windows, and Master Lock secuity products--reported that its Home & Security unit's operating income plummeted 74.6% in the first quarter from the year-earlier period to $5.7 million even though the unit's net sales grew 2.3% to $714.2 million. It also lowered its future growth forecast. More
Fortune Brands announced it will spin off its home and security division--a group that includes Moen faucets, MasterBrand Cabinets, Therma-Tru doors, Simonton windows, and Master Lock--into an independent, publicly traded company with annual sales topping $3 billion. More
