| DEERFIELD, IL -- Fortune Brands, Inc. announced that it has agreed to acquire SBR, Inc. and its leading brands in the vinyl window and composite millwork markets, including Simonton Windows, for $630 million.
Simonton Windows accounts for more than three quarters of SBR's approximately $565 million in annual revenues.
"Simonton benefits from many of the same favorable demographics that support our faucet, cabinet and exterior door brands," said Bruce Carbonari, president and CEO of Fortune Brands Home & Hardware. "With its product quality and innovation, industry-leading commitment to 7-day delivery, national distribution, retrofit market strength and excellent management team, Simonton is well positioned to keep growing share."
The deal also includes Fypon, the #1 brand in the fast-growing urethane millwork market; Dixie-Pacific and Hartmann-Sanders, leading brands of advanced-materials architectural columns and porch railings; and Hy-Lite, the leading brand of acrylic block windows.
The acquired brands will join the Home & Hardware business of Fortune Brands, which includes Moen, the #1 faucet brand in North America, MasterBrand Cabinets, the #2 kitchen & bath cabinet business, Therma-Tru, the #1 brand of residential entry doors, Master Lock, the world's #1 padlock brand, and Waterloo, the world's largest manufacturer of tool storage. Fortune Brands' home and hardware brands generated more than $4 billion in sales in 2005.
This eUpdate posting by: Steve Joyce, Editor
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