FBIN - Mergers and acquisitions

Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L. ("Value Hybrid"), a leading software and SaaS startup focused on the delivery of connected lockout tagout (cLOTO) solutions. This partnership will expedite Master Lock's ability to bring to market new and innovative products in the emerging field of cLOTO, and expand its presence in commercial safety solutions. Fortune Brands Chief Executive Officer Nicholas Fink said, "Connected lockout tagout is a signifi

Fortune Brands Innovations, Inc. (NYSE:FBIN), 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.

Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading home, security and commercial building products company, today announced it completed the acquisition of the Emtek and Schaub premium and luxury door and cabinet hardware business, and the U.S. and Canadian Yale and August residential smart locks business (collectively the "Business") from ASSA ABLOY (collectively, the "Acquisition"). "I am thrilled that Yale, Emtek, August and Schaub have now officially joined the Fortune Brands family. These world-class brands fit perfectly with our portfolio and will accelerate strategic initiatives across our organization. With this acquisition, we will increase Fortune Brands' scale in