DEERFIELD, IL — Fortune Brands Home & Security, Inc., a home and security products company, announced the completion of the sale of Simonton Windows to Ply Gem Holdings, Inc., a manufacturer of exterior building products in North America.
"We believe the sale of Simonton will allow us to more sharply focus on our Therma-Tru entry door and Fypon trim business and position us to further increase operating results in 2015,” said Chris Klein, CEO, Fortune Brands.
The Simonton business was sold for approximately $130 million, and is expected to reduce Fortune Brands' second half 2014 earnings per share from continuing operations by 2 to 4 cents. Fortune Brands expects Therma-Tru will continue to drive profitable growth.
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