Fortune Brands Acquires Solar Innovations; Further Expands Its Outdoor Living Offerings
Solar Innovations will be part of Fortune Brands’ Outdoors & Security business segment. Its complementary product offerings will support the segment’s outdoor living strategy and help Fortune Brands to further capitalize on the attractive outdoor living space and outdoor living trends.
“The acquisition of Solar Innovations is aligned with our long-term strategic focus on the fast-growing outdoor living space. With Solar Innovations’ technical expertise and R&D strength, we can accelerate our innovation and premium door offerings to help drive above-market share gains,” said
Solar Innovations has approximately 30 registered patents, and is recognized for its breadth of retractable door offerings, material capabilities and design aesthetics. Solar Innovations is based in
“Homeowners are more fully using their outdoor areas to expand their living space and add to their day-to-day comfort. We believe the attention on outdoor living will continue well into the future and are excited to have this new addition in our portfolio to help us capitalize on outdoor living opportunities,” said Fink.
The Company completed the acquisition on
About Fortune Brands
The Company’s growing portfolio of complementary businesses and innovative brands include Moen and the
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