Fortune Brands’ Acquisition of Larson Complete

December 15th, 2020 by Editor

A month after the announcement dropped that Fortune Brands Home & Security Inc., a home and security products company, was to acquire Larson Manufacturing, a brand of storm, screen and security doors, the transaction is now complete. Fortune Brands announced yesterday that Larson is now part of Fortune Brands’ Outdoors & Security segment.

The company completed the acquisition for approximately $660 million, funded with cash on hand and borrowings under its revolving credit facility. With revenues of approximately $390 million, Larson has approximately 1,200 associates and is headquartered in Brookings, SD, with manufacturing operations in Brookings; Lake Mills, Iowa; Mocksville, NC and Senatobia, Miss., as well as central distribution centers in Mocksville and Albert Lea, Minn.

The Larson management team, associates and locations will remain in place.

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