M&A Deal Summary

Fortune Brands Acquires Shaws of Darwen

On January 1, 2017, Fortune Brands acquired building materials company Shaws of Darwen from Meridian Equity

Acquisition Highlights
  • This is Fortune Brands’ 2nd transaction in the Building Materials sector.
  • This is Fortune Brands’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-01-01
Target Shaws of Darwen
Sector Building Materials
Buyer(s) Fortune Brands
Sellers(s) Meridian Equity
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Fortune Brands

Deerfield, Illinois, United States

Category Company
Founded 1988
Sector Safety/Security
Employees28,000
Revenue 4.6B USD (2024)
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 7 of 12
Sector: Building Materials M&A 2 of 5
Type: Add-on Acquisition M&A Deals 7 of 11
Country: United Kingdom M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Norcraft Companies

Eagan, Minnesota, United States

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.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-23 Fiberon

New London, North Carolina, United States

Fiberon LLC is a manufacturer of composite decking, railing and fencing used in homes and light commercial construction across North America. Its Fiberon brand product line is designed specifically for professional contractors. Fiberon was founded in 1997 and is based in New London, North Carolina.

Buy $470M

Seller(S) 1

SELLER

Meridian Equity

London, United Kingdom

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Meridian Equity is a private equity firm focused on acquiring and investing in small UK-based companies. Meridian is self-funded and does not have any sector preferences. The Firm's target investment size is £500K to £5 million per transaction. Meridian Equity was established in 2003 and is based in London.


DEAL STATS #
Overall 4 of 5
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: United Kingdom M&A 4 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Tersus Consultancy

Rainham Essex, United Kingdom

Tersus Consultancy offers trusted advice in the delivery of asbestos services including surveys, air monitoring, and clearance testing, bulk sample identification, project management, training, and property compliance inspection and audits. Tersus Consultancy was founded in 1986 and is based in Rainham Essex, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 IWJS

Suffolk, United Kingdom

IWJS is a provider of wastewater network services to the water, transport, and environmental sectors. IWJS extensive service offering includes sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing, and CCTV investigation. IWJS is based in Suffolk, United Kingdom.

Sell -