Fortune Brands Innovations, Inc. (NYSE:FBIN) acquired SpringWell Water Filtration Systems for approximately $110 million on February 29, 2024. Purchase price is approximately $105 million, or $92 million net of tax benefits, on a cash-free, debt-free basis, subject to customary adjustments. The net purchase price of $92 million equates to approximately 8.5x 2023 adjusted EBITDA for the Company before synergies.

Fortune Brands Innovations, Inc. (NYSE:FBIN) completed the acquisition of SpringWell Water Filtration Systems on February 29, 2024.