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Synopsis
Fortune Brands, a provider of home and security products, completed the acquisition of Solar Innovations, a producer of wide-opening exterior door systems and outdoor enclosures, for $63m. “The acquisition of Solar Innovations is aligned with our long-term strategic focus on the fast-growing outdoor living space. With Solar Innovations’ technical expertise and R&D strength, we can accelerate our innovation and premium door offerings to help drive above-market share gains. With the backing of Fortune Brands and our Fortune Brands Advantage capabilities, we can add value for all of our stakeholders," Nicholas Fink, Fortune Brands CEO.
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