A surge in kitchen and bath cabinetry sales helped spur a strong second quarter for Fortune Brands, parent of MasterBrand Cabinets.Operating income from cabinetry rose 31 percent.
Net sales for Fortune Brands Home & Security Inc. rose to $1.10 billion in the fourth quarter, a gain of 16% compared to the same period in 2012. An improved housing market and growing demand for home products helped contribute to the home and security products company's gains.
President Obama visited Master Lock’s Milwaukee manufacturing plant, where he received a tour of the facility and led a discussion on the economy, American manufacturing and the importance of companies insourcing and investing in America.