MasterBrand Cabinets to Separate from Fortune Brands

Deerfield, IL—Fortune Brands Home & Security, Inc. will separate into two publicly traded companies, spinning off its MasterBrand Cabinets and other cabinetry business into a freestanding publicly-traded firm. Fortune’s cabinet operations reported $777.1 million in revenue, rising 13 percent during the first quarter ended March 31, 2022. Fortune Brands’ Board of Directors authorized the company […]