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Fortune Brands Inc (FBI)


Tuesday 11 November, 2003

Fortune Brands Inc


Fortune Brands, Inc.
Clarkson Hine (MR), 847-484-4415
Tony Diaz (IR), 847-484-4410

          Fortune Brands Completes Acquisition of Therma-Tru

Leading Brand of Residential Entry Doors Adds to Company's Momentum in
   Home Products; High-Return Acquisition Expected to Benefit EPS by
                 Approximately 15 Cents in First Year

Fortune Brands, Inc. (NYSE: FO) today announced that its Home &
Hardware business has completed the acquisition of Therma-Tru Corp.,
the leading designer and manufacturer of residential entry doors in
the United States.

The addition of the market-leading Therma-Tru brand expands the
company's fast-growing Home & Hardware business, which also includes
Moen, the #1 faucet brand in North America, MasterBrand Cabinets, the
#2 kitchen & bath cabinet business, Master Lock, the world's #1
padlock brand, and Waterloo Industries, the leading manufacturer of
tool storage products. Therma-Tru Corp.'s annual sales exceed $400

'Therma-Tru is a great strategic fit that will add to our momentum in
Home & Hardware and deliver significant value for our shareholders,'
said Fortune Brands chairman & CEO Norm Wesley. 'We're excited to add
this innovative and growing #1 brand in an attractive category, a
brand that benefits from the same favorable demographics that underpin
the growth of our cabinet and faucet brands, and a brand that creates
opportunities for valuable sales growth and cost synergies within our
Home & Hardware business.'

As previously announced, the company expects the acquisition of
Therma-Tru to add approximately 15 cents to earnings per share in the
first year, with even greater EPS benefit in succeeding years. The
purchase price was approximately $925 million. 'Our balance sheet and
strong cash flow remain powerful assets on behalf of our
shareholders,' Wesley added.

Fortune Brands, Inc. is a $6 billion leading consumer brands company.
Its operating companies have premier brands and leading market
positions in home and hardware products, spirits and wine, golf
equipment and office products. Home and hardware brands include Moen
faucets, Aristokraft, Schrock, Diamond and Omega cabinets, Therma-Tru
door systems, Master Lock padlocks and Waterloo tool storage sold by
units of Fortune Brands Home & Hardware, Inc. Major spirits and wine
brands sold by units of Jim Beam Brands Worldwide, Inc. include Jim
Beam and Knob Creek bourbons, DeKuyper cordials, The

Dalmore single malt Scotch, Vox vodka and Geyser Peak and Wild Horse
wines. Acushnet Company's golf brands include Titleist, Cobra and
FootJoy. Office brands include Swingline, Wilson Jones, Kensington and
Day-Timer sold by units of ACCO World Corporation. Fortune Brands,
headquartered in Lincolnshire, Illinois, is traded on the New York
Stock Exchange under the ticker symbol FO and is included in the S&P
500 Index.

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This press release contains statements relating to future results,
which are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Readers are
cautioned that these forward-looking statements speak only as of the
date hereof. Actual results may differ materially from those projected
as a result of certain risks and uncertainties, including but not
limited to changes in general economic conditions, foreign exchange
rate fluctuations, changes in interest rates, returns on pension
assets, competitive product and pricing pressures, trade
consolidations, the impact of excise tax increases with respect to
distilled spirits, regulatory developments, the uncertainties of
litigation, changes in golf equipment regulatory standards, the impact
of weather, particularly on the home products and golf brand groups,
expenses and disruptions related to shifts in manufacturing to
different locations and sources, the impact of weak conditions in the
leisure travel industry on our golf and spirits and wine businesses,
as well as other risks and uncertainties detailed from time to time in
the Company's Securities and Exchange Commission filings.

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