Separation Updates

We announced our intention to separate on April 28, 2022, in conjunction with our quarterly earnings results and our separation announcement presentation.

Fortune Brands has announced that the separation is expected to be complete on Wednesday, December 14, 2022, and will be achieved through the distribution of all outstanding shares of MasterBrand common stock to Fortune Brands common stockholders of record as of 5:00 PM, Central Time, on Friday, December 2, 2022. Learn more.

Forming two independent companies will help each to focus on their distinct strategies and core capabilities, and invest in their unique best growth opportunities. The plan we are pursuing should accelerate both businesses’ ability to achieve their full potential, and unlock even greater long-term shareholder value.

Fortune Brands’ Board of Directors has approved the separation of MasterBrand, Inc. The separation is expected to be complete on Wednesday, December 14, 2022. See more.

Additionally, the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand, Inc. The Form 10 includes information regarding MasterBrand’s business and strategy. It also includes a listing of MasterBrand’s Board members.

MasterBrand is developing the infrastructure required to be an independent, publicly traded company, which includes building on the current leadership team and adding key roles.  As the Cabinets business prepares for the separation, it continues to make progress on its strategic transformation, which is leading to the business’ increased agility, resilience and growth potential.

Fortune Brands is also proactively taking steps which will better position us to realize the many opportunities to drive growth and margin progression at an accelerated pace. On September 6, 2022, we announced key organization and leadership changes to align the organization and drive accelerated growth and productivity. For more information, see the press release. The company will also be rebranding to Fortune Brands Innovations, Inc., following the separation of the Cabinets business. Fortune Brands Innovations, Inc., better reflects our evolution as a business focused on driving accelerated growth in our categories through brand and innovation. See more.

Please visit our Investor Day event site, investorday.fbhs.com, for more information.

Within the housing market, we see areas of outsized opportunity and growth that our Water Innovations, Outdoors and Security brands will be increasingly well-positioned to capture by leveraging our brand, innovation and channel leadership. These special areas of opportunity include: water management, outdoor living, material conversion and science, connected products and global sustainability.