Assa Abloy announced today it has completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (HHI) and the divestment of its U.S.- and Canada-based Emtek and Smart Residential business to Fortune Brands. HHI was consolidated into Assa Abloy as of today, officials said, for the total consideration of $4.3 billion USD on a […]

ASSA ABLOY announced that it received clearance from the Mexican competition authority to acquire Spectrum Brands’ Hardware and Home Improvement division. Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions. In September 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of […]

Workplace incidents, shop closures, the impacts of the war in Ukraine and no shortage of lawsuits made for an exciting, yet at times solemn, year of news for [DWM] in 2022. Take a look at the top stories from the past year as 2023 approaches. 1. Worker Dies in Accident at Cardinal Glass Church Hill […]

Fortune Brands, the parent company of Larson Manufacturing, has announced the closure of the latter’s manufacturing plant located in Lake Mills, Iowa, with approximately 197 employees reportedly set to lose their jobs immediately or in the months to come. “Outdoors and Security announced on Tuesday, September 20, that they conducted a reduction in force impacting […]

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% […]

Three door and window related companies released their second quarter financial results in recent days, all proving that the market continues to have upward momentum with no signs of a slowdown. Door and window manufacturers Jeld-Wen and Fortune Brands both increased their 2021 outlooks, while distributor Huttig Building Products reported its second consecutive quarter of […]

David Barry has been named to senior vice president, finance and investor relations for Fortune Brands, reporting to Fortune Brands’ CFO Patrick Hallinan. Barry joins the corporate Fortune Brands Home & Security, Inc. team from Fortune Brands’ Global Plumbing Group (GPG), where he most recently served as CFO and senior vice president of global finance. […]

Andersen Corp., Pella Corp., Masonite and Fortune Brands (which includes Therma-Tru, Larson and Fypon), are among the top door and window related companies named to Forbes’ list of America’s Best Large Employers for 2021, which was released this week. Five hundred large employers that received the most recommendations made the cut from 50,000 employees in […]

In what company officials suggest is a focus on continued growth, Fortune Brands Home and Security Inc. (parent company to Therma-Tru Doors) has announced promotions to key leadership positions. Nicholas Fink has been named president and chief operating officer. “As part of our continued strategy to strengthen and position the business for the next phase […]

Officials for Fortune Brands Home and Security (parent company to Therma-Tru Doors) released fourth-quarter results yesterday, including the company’s 2019 annual outlook. Fourth-quarter sales increased 3 percent year-over-year, with full-year sales ending 4 percent higher than 2017. Expectations for 2019 go against the flow of news in recent months regarding slower construction markets, but parallel […]