BROOKINGS, S.D. (KELO.com) — Larson Manufacturing of Brookings has been sold to an Illinois-based conglomerate, Fortune Brands & Home Security, Inc.
The price is approximately $660 million.
Larson manufactures and sells a variety of door and window products.
They have about 1200 employees with headquarters and manufacturing in Brookings. They also have plants in Lake Mills, Iowa, Mocksville, North Carolina, and Senatobia, Mississippi. Larson also has central distribution centers in Albert Lea, Minnesota, and Mocksville.
According to a press release, the company expects that the Larson management team, employees, and locations will remain in place.
Larson is the leading brand in the U.S. storm door market.
Jeff Rief, CEO and president of Larson, says they are excited to join Fortune Brands. He says they are looking forward to driving even more growth by seizing new opportunities together in the door, security, and outdoor living markets.
The closing of the transaction is subject to regulatory approval and is expected to occur within the next 30 days.
(Perry Miller, KJJQ, contributed this report.)
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