Fortune acquisition of Therma-Tru completed

Fortune Brands Inc. announced 10 November 2003 completion on the acquisition of Therma-Tru Corp., the leading designer and manufacturer of fiberglass residential entry doors in the U.S. The Therma-Tru…

Fortune Brands Inc. announced 10 November 2003 completion on the acquisition of Therma-Tru Corp., the leading designer and manufacturer of fiberglass residential entry doors in the U.S. The Therma-Tru brand will be added to the Lincolnshire, Illinois-based company“s Home & Hardware business, which also includes Moen faucets, MasterBrand cabinets and Master Lock. “Therma-Tru is a great strategic fit that will add to our momentum in Home & Hardware and deliver significant value for our shareholders,” said Fortune Brands Chairman and Chief Executive Norman Wesley. As previously announced, Fortune Brands expects the acquisition of Therma-Tru to add about USD 0.15 to earnings per share in the first year. The purchase price was around USD 925 million.