M&A Deal Summary

Fortune Brands Acquires Solar Innovations

On February 1, 2022, Fortune Brands acquired building materials company Solar Innovations for 63M USD

Acquisition Highlights
  • This is Fortune Brands’ 5th transaction in the Building Materials sector.
  • This is Fortune Brands’ 8th largest (disclosed) transaction.
  • This is Fortune Brands’ 9th transaction in the United States.
  • This is Fortune Brands’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-02-01
Target Solar Innovations
Sector Building Materials
Buyer(s) Fortune Brands
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

Solar Innovations

Pine Grove, Pennsylvania, United States
Solar Innovations is a producer of wide-opening exterior door systems and outdoor enclosures. Solar Innovations continuously innovate, engineer, design, manufacture, and install leading-edge glazed aluminum, wood, and vinyl-composite products. Solar Innovations is based in Pine Grove, Pennsylvania.

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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 (2023)
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 10 of 12
Sector (Building Materials) 5 of 5
Type (Add-on Acquisition) 10 of 11
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2022) 1 of 3
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Larson Manufacturing

United States

Larson Manufacturing Co. is a manufacturer of storm doors and storm windows in the United States.

Buy $660M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Aqualisa Products

Kent, United Kingdom

Aqualisa Products is the designer and manufacturer of a range of digital, mixer and electric showers and accessories. Aqualisa Products was founded in 1976 and is based in Kent, United Kingdom.

Buy -
Mergr

Product

Company

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