Fortune Brands Home & Security is a maker of home fixtures and hardware. The company's product lines include Master Lock

Master Lock

Master Lock is an American company primarily known for developing and manufacturing padlocks, combination locks and related security products. Now an operating unit of Fortune Brands Home & Security, Inc., Master Lock Company LLC was formed in 1921 by locksmith-inventor Harry Soref, and is...

, MasterBrand cabinets, Moen faucets

Moen (company)

Moen is a product line of faucets and other fixtures started by inventor Alfred M. Moen that is now part of the Fortune Brands Home & Security company. The Moen division is headquartered in North Olmsted, Ohio. Moen was originally part of Ravenna Metal Products of Seattle, Washington...

, Simonton windows and Therma-Tru entry door systems. The company has said that it holds market leadership positions in all of its segments, and has 16,000 associates that generated more than $3.2 billion in net sales in 2010.

FBHS was created on October 3, 2011 from part of the former Fortune Brands

Fortune Brands

Fortune Brands was a holding company founded in 1969 as American Brands and later renamed in 1997 and split apart in 2011. The corporate headquarters was in Deerfield, Illinois in the United States. The company historically had a significant diversity of product offerings...

 holding company. The spin-off was related to the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business. On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc.

Beam Inc.

Beam Inc. is a spirits company established on October 4, 2011 from the remainder of the Fortune Brands holding company after it sold and spun off various other product lines to form a business focused exclusively on spirits and directly related products...

 to reflect this new strategy.

The company headquarters is in Deerfield, Illinois

Deerfield, Illinois

Deerfield is a village in Lake County, Illinois, United States and is located approximately 25 miles north of Chicago, Illinois. A portion of the village is in Cook County, Illinois, United States...

, which is in the vicinity of the Chicago metropolitan area.

The company is included in the S&P MidCap 400 index.

On October 18, 2011, it was announced that Pershing Square Capital Management

Pershing Square Capital Management

Pershing Square Capital Management is an activist hedge fund founded and run by Bill Ackman located in New York.-Investment History:Pershing has in its history launched activist campaigns against McDonald's and Wendy's....

owned a 15% stake in the company, and considered its stock to be a very attractive investment.