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Fortune Brands Innovations Acquires Minority Stake in Value Hybrid Global
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Fortune Brands Innovations Acquires Minority Stake in Value Hybrid Global
Jun 13, 2024 7:30 AM

10:04 AM EDT, 06/13/2024 (MT Newswires) -- Fortune Brands Innovations ( FBIN ) said Thursday it has acquired a minority stake and launched a partnership with Spanish company Value Hybrid Global, a software startup that provides connected lockout tagout, or cLOTO, products.

The move will quicken Master Lock's ability to launch new products in the cLOTO field, Fortune Brands said.

Financial details weren't provided.

Price: 67.45, Change: -0.43, Percent Change: -0.63

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