Posts Tagged ‘ acquisitions ’

Fourth-Quarter Results Show Assa and Fortune Acquisitions Bode Well

Feb 15th, 2024

Fortune Brands Innovations (Therma-Tru, Solar Innovations, Larson, Yale, August) and Assa Abloy (Caldwell, Interlock) released fourth-quarter financial results in recent weeks, showing positive results from the U.S. market for smart locks. Results follow an exchange between the two companies, in which Assa Abloy divested its Yale brand to Fortune in June 2023. Net sales for […]

A Look Back: DWM’s Top Stories of 2023

Dec 28th, 2023

As the year wraps up, [DWM] takes a look back at the year and tallies our top stories over the last 12 months. At the top of the list is a lawsuit involving a big name in the business, but facility closures and acquisitions collectively dominated the list. Readers kept the list pretty well-rounded, with […]

Assa Abloy Reports ‘Very Strong Start’ to 2023 Amid Court Dealings

Apr 26th, 2023

Assa Abloy’s acquisitions during the first fiscal quarter of 2023 and organic sales growth of 8% are among the factors prompting president and CEO Nico Delvaux to suggest the company has seen a “very strong start to 2023.” The positive report comes amid a challenging week, as the company faces a bench trial, seeking to […]

Fourth-Quarter and Year-End Results Mostly Positive, Despite Challenging Year

Feb 27th, 2023

Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

Fortune Brands, PGT Cite Increases in Second Quarter Including Organic Growth

Jul 29th, 2022

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

Quanex Completes Woodcraft Industries Acquisition

Nov 3rd, 2015

Quanex Building Products Corp. has completed its acquisition of Woodcraft Industries. Woodcraft is a supplier of doors and components to leading original equipment manufacturers in the kitchen and bathroom cabinet industry. “I am very pleased to formally welcome Woodcraft to the Quanex team,” says Bill Griffiths, Quanex’s chairman, president and chief executive officer. “The combination […]

Saint-Gobain Seeks Controlling Interest in Sika

Dec 9th, 2014

But the Sika board and management team say they are opposed to the move and will “resign following closing of the transaction,” according to a company statement.