M&A Deal Summary

Fortune Brands Acquires Norcraft Companies

On March 30, 2015, Fortune Brands acquired building materials company Norcraft Companies for 600M USD

Acquisition Highlights
  • This is Fortune Brands’ 1st transaction in the Building Materials sector.
  • This is Fortune Brands’ 5th largest (disclosed) transaction.
  • This is Fortune Brands’ 6th transaction in the United States.
  • This is Fortune Brands’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2015-03-30
Target Norcraft Companies
Sector Building Materials
Buyer(s) Fortune Brands
Deal Type Add-on Acquisition
Deal Value 600M USD
Advisor(s) Citigroup Investment Banking (Financial)
Ropes & Gray (Legal)

Target

Norcraft Companies

Eagan, Minnesota, United States
website
Norcraft Companies, Inc. is a manufacturer of kitchen and bathroom cabinetry in the United States and Canada. Norcraft provides its customers with a single source for a broad range of high-quality cabinetry, including stock and semi-custom cabinets manufactured in both framed and frameless (full access) construction. Norcraft was formed in 1966 and is based in Eagan, Minnesota.

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Buyer(S) 1

Buyer

Fortune Brands

Deerfield, Illinois, United States

website


Category Company
Founded 1988
Sector Safety/Security
Employees28,000
Revenue 7.7B USD (2021)
DESCRIPTION
Fortune Brands' corporate headquarters in Deerfield, Illinois.
Fortune Brands' corporate headquarters in Deerfield, Illinois.

Fortune Brands is a provider of home and security products and services for use in residential home repair, remodeling, new construction, and security and storage applications. The Company’s brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. Fortune Brands was founded in 1988 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 6 of 12
Sector (Building Materials) 1 of 5
Type (Add-on Acquisition) 6 of 11
State (Minnesota) 1 of 1
Country (United States) 6 of 9
Year (2015) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 Simonton Windows

Parkersburg, West Virginia, United States

Simonton Windows, Inc. is one of America’s major vinyl window and patio door manufacturers. Simonton produces ENERGY STAR-qualified vinyl replacement and new construction windows and doors, including a line of impact resistant products, at manufacturing facilities in West Virginia, Illinois and California.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Shaws of Darwen

Lancashire, United Kingdom

Shaws of Darwen provides maintenance/repair services to terracotta buildings, as well as manufacturing handcrafted fireclay sinks. Shaws of Darwen also specialized in the supply of bathroom furniture. Shaws of Darwen was founded in 1897 and is based in Lancashire, United Kingdom.

Buy -