Fortune Brands acquires SpringWell, increasing presence in high-growth water filtration market

Mar 01, 2024•almost 2 years ago

Acquiring Company

Fortune Brands Innovations

Acquired Company

SpringWell Water Filtration Systems

Deerfield

Daytona BeachManufacturingSecurityManufacturingWater PurificationWater

Description

Fortune Brands Innovations, Inc. has successfully acquired SpringWell Water Filtration Systems, a provider of residential whole-home water filtration and water softening solutions. This strategic move allows Fortune Brands to expand its whole home water ecosystem and capture opportunities in the high-growth water filtration market, which is estimated to be approximately $4 billion in the U.S.

Company Information

Company

Fortune Brands Innovations

Location

Deerfield, Illinois, United States

About

Fortune Brands Innovations, Inc. (NYSE: FBIN), is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. It is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security, and commercial building markets. Fortune Brands' growing portfolio of brands includes Moen, House of Rohl, Aqualisa, Emtek, and many more.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Fortune Brands acquires SpringWell, increasing presence in high-growth water filtration market

Description

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Company Information