Fortune Brands Acquires Solar Innovations

February 1, 2022

Fortune Brands Home & Security (FBHS) acquired Solar Innovations, LLC on January 31, 2022, adding the Pittsburgh-area manufacturer of wide-opening exterior door systems and outdoor enclosures to its Outdoors & Security segment. The deal (up to $63 million net of tax benefits) brings Solar Innovations' ~30 patents, R&D capabilities and ~135 associates into Fortune Brands to accelerate its outdoor living product portfolio and premium door offerings.

Buyers
Fortune Brands Home & Security, Inc.
Targets
Solar Innovations, LLC
Location
Pennsylvania, United States
Transaction Type
Buyout

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