Fortune Brands acquires SpringWell, increasing presence in high-growth water filtration market
Acquiring Company
Fortune Brands Innovations
Acquired Company
SpringWell Water Filtration Systems
DeerfieldCanal Name Not AvailableManufacturingSecurityRetailManufacturingWaterWater PurificationDescription
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.
Quick answer
Fortune Brands Innovations is acquiring SpringWell Water Filtration Systems, announced March 1, 2024. Fortune Brands Innovations is based in Deerfield, Illinois, United States.
- How much did Fortune Brands Innovations pay for SpringWell Water Filtration Systems?
- The deal value was not disclosed.
- What does Fortune Brands Innovations do?
- Fortune Brands Innovations, Inc. (NYSE: FBIN), is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives.
- Where are Fortune Brands Innovations and SpringWell Water Filtration Systems based?
- Fortune Brands Innovations is based in Deerfield, Illinois, United States. SpringWell Water Filtration Systems is based in Canal Name Not Available, Florida, United States.
- Who are the decision-makers at Fortune Brands Innovations?
- Fundz holds 1 contact at Fortune Brands Innovations. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired SpringWell Water Filtration Systems?
SpringWell Water Filtration Systems was acquired by Fortune Brands Innovations, based in Deerfield. The deal was reported on March 1, 2024. Fortune Brands Innovations, Inc. (NYSE: FBIN), is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Fortune Brands Innovations is publicly traded (FBIN) and operates in Manufacturing.
When did Fortune Brands Innovations acquire SpringWell Water Filtration Systems?
Fortune Brands Innovations's acquisition of SpringWell Water Filtration Systems was reported on March 1, 2024. Fortune Brands Innovations, Inc. has successfully acquired SpringWell Water Filtration Systems, a provider of residential whole-home water filtration and water softening solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SpringWell Water Filtration Systems do?
SpringWell Water Filtration Systems provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels. It is privately held, operating in Manufacturing, and is based in Canal Name Not Available.
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