FORTUNE BRANDS HOME & SECURITY LAUNCHES INVESTOR ROAD SHOW AHEAD OF SPIN-OFF
DEERFIELD, Ill. - September 6, 2011 - Fortune Brands Home & Security (FBHS), the industry-leading home and security products unit of Fortune Brands, Inc. (NYSE: FO), today began its equity road show presentations to investors, potential investors and analysts. As previously announced, FBHS is expected to spin off from Fortune Brands after the close of business on October 3, 2011 and will trade on the New York Stock Exchange as an independent public company under the ticker symbol FBHS effective October 4, 2011. The road show presentation is available at http://www.fortunebrands.com/investor/events.cfm.
"Fortune Brands Home & Security has industry-leading businesses that continue to win in today's market," said Christopher J. Klein, president and chief executive officer, Fortune Brands Home & Security. "We have No. 1 brands in all our segments, a demonstrated record of quality and innovation, streamlined yet scalable operations and the benefits of becoming a focused, independent company on the front end of a housing recovery. We expect to continue to outperform the market, and we are confident in our ability to create greater value now and in the future, as the housing market recovers."
Klein and E. Lee Wyatt, senior vice president and chief financial officer, will conduct the road show presentations throughout the month of September.
About Fortune Brands
Fortune Brands, Inc. is a leading consumer brands company. Its operating companies have premier brands and leading market positions in distilled spirits and home and security products. The major spirits brands of Beam Global Spirits & Wine, Inc. include Jim Beam and Maker's Mark bourbon, Sauza tequila, Canadian Club whisky, Courvoisier cognac, Cruzan rum, Teacher's and Laphroaig Scotch, EFFEN vodka, Skinnygirl cocktails and DeKuyper cordials. The brands of Fortune Brands Home & Security Inc. include Moen faucets, Aristokraft, Omega, Diamond and Kitchen Craft cabinetry, Therma-Tru door systems, Simonton windows, Master Lock security products and Waterloo storage and organization products. Fortune Brands, headquartered in Deerfield, Illinois, is traded on the New York Stock Exchange under the ticker symbol FO and is included in the S&P 500 Index and the MSCI World Index.
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This press release contains statements relating to future events, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements speak only as of the date hereof, and the company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date of this release. Actual plans, actions and results may differ materially from current expectations as a result of certain risks and uncertainties, including the risks and uncertainties described from time to time in the company's Securities and Exchange Commission filings and in the Registration Statement on Form 10 filed by Fortune Brands Home & Security Inc. There can be no assurance that the proposed separation will be completed as anticipated or at all.