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Fortune Brands to buy Therma-Tru

06 November 2003

Consumer-goods company Fortune Brands has agreed to acquire Therma-Tru Corp., which makes fiberglass doors, for about $925 million.

Therma-Tru is based in Maumee, Ohio, and has annual sales exceeding $400 million, Fortune Brands said. Under the agreement, Therma-Tru will join Fortune Brands's Home & Hardware business, which also includes the Moen faucet and Master Lock padlock brands.

The transaction is expected to close within the next two weeks.