DEERFIELD, IL - A $3.2 giant in cabinetry, door and window manufacturing launched today, as Fortune Brands Home & Security Inc. (NYSE: FBHS), headquartered in Deerfield, began trading on the New York Stock Exchange.

The new company started the day trading at $12.30 per share, a price established on Oct. 3 when the stock was traded on a "when issued" basis. The former parent Fortune Brands, is trading at over $50 per share. Fortune Brand Home & Security fell as low as $11.05, but was heading up to trade at $11.50 as the market neared the closing bell, on volume of over 1.46 million shares.

Brands under the company, which spun from parent Fortune Brands at midnight, include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems.

On October 3, 2011, Fortune Brands, Inc. (NYSE: FO) distributed to its stockholders all of the outstanding shares of common stock of Fortune Brands Home & Security, Inc. 

FBHS holds market leadership positions in all of its segments. The freestanding company employs 16,000, and would have generated more than $3.2 billion in net sales in 2010 if it were independent.

The newly-launched kitchen cabinetry, door, millwork, moulding and windows business established its own website: www.fbhs.com.

In a pre-spin-off road show, Fortune Brands Home & Security management detailed market share for its various units. MasterBrand Cabinets, the largest with over $1 billion in sales, includes MasterBrand Cabinets, and iconic brands Schrock Cabinetry, Omega Cabinetry, Aristokraft, KitchenCraft and Homecrest, posted $1.169 billion in sales in 2010. It also produces Martha Stewart's branded cabinets in its Kinston, NC plant.

MasterBrand Cabinets announced it would lay off 150 just prior to the spin-off; and Fortune Brands Home & Security named Sherwin Williams COO John Morikis to its board, effective in December.