Fortune Brands Innovations Announces Agreement to Sell Fiberon
Fortune Brands Innovations signed a definitive agreement to sell its Fiberon composite decking business to a subsidiary of Inteplast Group Corporation. The sale follows a comprehensive sales process tied to a strategic review, which management frames as portfolio management and capital-allocation discipline. No purchase price or financial terms were disclosed.
Key figures
- Expected close days
- within 60 days
AI analysis
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