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$FBHS Spinoff
Fortune Brands and Security is looking to split itself in two. The "House of Brands" operates some of the most recognizable companies in the world.

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In terms of "Water Innovations," there are some stellar brands.

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Not only "Water" but also "Outdoor Security." This segment includes everything from doors to windows and well... MasterLock.

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Finally the subject of our spinoff. The vast portfolio of cabinets accounts for roughly 28% of the company's total Net Sales.

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Also, their brands rank #1 NA according to $FBHS and have a decent margin as well.

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The official release. TL;DR is a Tax-Free spinoff of the cabinets business into its own standalone public company and it will take place in ~12 months.

I personally really like spinoffs as I think they create a lot of shareholder value over long periods of time. I will certainly be closely following the new cabinets business after the spinoff as it seems like a solid business

Joshua Simka's avatar
I'm familiar with a lot of the brands here but didn't realize they were owned by $FBHS. I wonder if this company (or it's soon-to-be spinoff) track with and benefit from the same trends and macro factors that buoy a company like $TREX?
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