Content about Bruce Carbonari

May 9, 2011

Deerfield, Ill.-based Fortune Brands announced that its Fortune Brands Home & Security business has filed an initial Form 10 Registration Statement with the Securities & Exchange Commission in connection with its proposed spinoff from Fortune Brands.  

The spinoff is part of the company’s proposed plan to separate its three businesses by spinning off Home & Security in a tax-free transaction, selling or spinning off its Acushnet golf business, and remaining a pure-play spirits company to be named Beam. 

February 4, 2011

Pointing to strength across all of its major businesses, Fortune Brands posted fourth-quarter sales of $1.90 billion, up 5% from the prior-year quarter, with the home and security division up 2%. Net income was $85.4 million, compared with $11.5 million in the prior year.

"Our determination to go on offense during the economic downturn and boost strategic investment across our businesses made a big impact in 2010," said CEO Bruce Carbonari.