Fortune Brands Creates Global Plumbing Group (GPG) as a Foundation to Accelerate Plumbing Growth Opportunities, Announces Acquisitions of Luxury Brands

DEERFIELD, Ill .– (BUSINESS WIRE) – Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry leader in home and security products, today announced the creation of a new Global Plumbing Group (GPG), a strategic first step to accelerate and transform growth opportunities Plumbing business. Fortune Brands has completed its first acquisition as part of GPG Riobel and signed an agreement to acquire ROHL and its brands.

“The creation of the GPG platform lays the foundation for accelerating growth in our plumbing segment and provides the critical infrastructure to support a multi-brand, duct and geographic plumbing business,” said Chris Klein, CEO of Fortune Brands. “Most importantly, the GPG platform increases the potential for future growth opportunities as we seek to grow plumbing sales to $ 2.5 billion by 2020.”

The GPG platform will support the growth of multiple sanitary ware brands simultaneously with an expanded line of products and brands while leveraging the company’s global supply chain and broad distribution network. It paves the way for acquisitions, joint ventures, supply and distribution agreements and enables the seamless integration of new products and brands. It also accelerates synergistic growth opportunities and initiatives across the company’s plumbing business.

Nicholas Fink has been appointed President of the GPG. He joined Fortune Brands in 2015 from Beam Suntory where he was President of Asia Pacific and South America. He led eight operational units in 45 markets, increased market share and integrated companies. He has an established track record as a results-driven leader with strengths in international markets, industry-leading consumer brands and successful M&A deals. Fink has headed Fortune Brands’ Global Growth & Development team since joining the company.

As a first step towards future growth and expansion, Fortune Brands recently acquired Riobel, a premium Canadian showroom brand. Riobel has the potential for significant profitable growth with annual sales of approximately $ 40 million and offers innovation and world-class customer service.

Today the company also signed an agreement to acquire ROHL, a California-based luxury brand that includes the ROHL and Perrin & Rowe brands, and a successful collection with California-based designer Michael Berman. ROHL has the potential for significant profitable growth with annual sales of approximately $ 70 million and brings a design-driven, artisanal approach to its luxury products. The transaction is expected to close in the third quarter.

“Since our founding in 1983, our family has focused on building a successful company based on quality, style and strong partnerships,” said Lou Rohl, President of ROHL. “We are excited to join the Fortune Brands family of companies and begin a new chapter in our growth that will enable us to take advantage of even greater opportunities.”

Riobel, ROHL and Perrin & Rowe offer the opportunity to expand the portfolio beyond the number 1 of the GPG brand Moen. The brands retain their own brand identities, teams, locations and partners, as well as other elements of the companies that made them successful.

“With the new GPG structure, this is a great time to welcome Riobel, ROHL and Perrin & Rowe to our plumbing business. Today we have tremendous opportunities to transform our business, enter new markets, develop new products, manage our channels and customers in a more holistic way, and optimize a brand portfolio as we grow faster, ”said Klein. “The GPG platform, strategic acquisitions and joint ventures reflect our continued focus on growing the business. We continue to review other growth opportunities for GPG and hope to enter into additional transactions as part of our strategy to encourage incremental growth. ”

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Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, Ill., Develops products and services that make homeowners dreams come true and help people feel more secure. The company’s four operating segments are Closets, Plumbing, Doors, and Security. Trusted brands include more than a dozen core brands under MasterBrand Cabinets. Moen and Riobel under the Global Plumbing Group (GPG); Therma-Tru entrance door systems; and Master Lock and SentrySafe security products under The Master Lock Company. Fortune Brands is the market leader in all segments. Fortune Brands is part of the S&P 500 index. More information is available at


This press release contains certain “forward-looking statements” regarding business strategy, market potential, future financial performance and other topics. Statements preceded by the words “believes,” “potentially,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “outlook” and similar expressions, followed or otherwise or contain future or conditional verbs such as “will”, “should”, “would”, “may”, “look” and “might” are generally forward-looking and not historical facts. When we express an expectation or belief about future results or events in a forward-looking statement, that expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks, and uncertainties that could cause actual results and results to differ materially from those expressed in these statements. These factors are discussed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2015, which is filed with the Securities and Exchange Commission. In addition, this press release contains certain forward-looking statements that involve risks and uncertainties relating to the transaction between Fortune Brands Home & Security, Inc. (“FBHS”) and ROHL, LLC (“ROHL”). These risks and uncertainties include: the satisfaction of the closing conditions for the transaction between FBHS and ROHL; Market conditions; the effects of failure to complete the transaction; the risk that FBHS will not realize the anticipated benefit from the transaction; and other factors beyond the control of companies. The forward-looking statements contained in this press release speak as of the date of this release. Except as required by law, we undertake no obligation to update, change, or clarify any forward-looking statements to reflect events, new information, or circumstances after the date hereof.

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