Fortune Brands Acquires SpringWell; Increases Presence in High-Growth Water Filtration Market and Further Expands Whole Home Water Offering
Fortune Brands Innovations, Inc. (FBIN)
Company Research
Source: Business Wire
DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired SpringWell Water Filtration Systems (“SpringWell”). SpringWell provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels. Its portfolio of point-of-entry and point-of-use products, including Do-It-Yourself installations, are sold under the SpringWell brand.The addition of SpringWell paves the way for Fortune Brands to invest and capture opportunities in the approximately $4 billion water filtration and water quality U.S. residential market. SpringWell increases FBIN’s strategic exposure to recurring revenue streams, and SpringWell’s digital and direct marketing expertise augments Fortune Brands’ established digital capabilities.“This acquisition opens opportunitie
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FBIN
News
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- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its "market perform" rating re-affirmed by analysts at BMO Capital Markets. They now have a $82.00 price target on the stock, up previously from $76.00.MarketBeat
FBIN
Earnings
- 1/30/24 - Beat
FBIN
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/2/24 - Form 4
- 3/22/24 - Form ARS
- FBIN's page on the SEC website