Fortune Brands Has Acquired A Minority Stake And Entered Into A Strategic Partnership With Value Hybrid Global, S.L.; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Fortune Brands Innovations, Inc. (NYSE:FBIN) has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L., a software and SaaS startup specializing in connected lockout tagout (cLOTO) solutions. This partnership aims to enhance Master Lock's product offerings in commercial safety solutions.
June 13, 2024 | 1:09 pm
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Fortune Brands Innovations, Inc. (NYSE:FBIN) has acquired a minority stake in Value Hybrid Global, S.L. and entered into a strategic partnership to enhance Master Lock's cLOTO solutions. This move is expected to expedite the development and market introduction of new products in the commercial safety solutions sector.
The acquisition and partnership with Value Hybrid Global, S.L. will likely accelerate the development and market introduction of innovative cLOTO products by Master Lock, potentially boosting FBIN's market position in commercial safety solutions. This strategic move is expected to positively impact FBIN's stock price in the short term.
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