Sidley Represents Fortune Brands in Its Spinoff of MasterBrand

Sidley represented Fortune Brands Innovations, Inc. (Fortune Brands), a home, security, and commercial building products company, in the spinoff of its cabinets business, MasterBrand, Inc. (MasterBrand), creating two independent, publicly traded companies. The spinoff was completed on December 14, 2022, with Fortune Brands common stockholders receiving one share of MasterBrand common stock for every share of Fortune Brands common stock held as of 5:00 p.m., Central Time, on Friday, December 2, 2022. Effective as of December 15, Fortune Brands also changed its name from Fortune Brands Home & Security, Inc. to Fortune Brands Innovations, Inc. Shares of common stock of Fortune Brands will trade on the New York Stock Exchange under the symbol “FBIN,” and shares of common stock of MasterBrand will begin trading on the New York Stock Exchange under the symbol “MBC.”

The Sidley team was led by Chris Abbinante, Scott Williams, and Jack Melamed (M&A and Private Equity), and includes Will Schoenfeld, André Rouillard, Hannah Ellis, and Taylor Shuman (M&A and Private Equity); Samir A. Gandhi, Adam Gross, LinLin Teng and Conner Collins (Capital Markets); Suresh T. Advani, Rachel D. Kleinberg, and Andy J. Lau (Tax); Corey Perry, Lauren Gallagher, Alexandra Peterson, and Amanda M. Casanueva (Employee Benefits and Executive Compensation); Mark Kaufmann and Andy Dykstra (Technology and Life Sciences Transactions); and Katie Klaben (Securities Enforcement and Regulatory).