Deals

Fortune Brands to Sell Fiberon Decking Assets

The Tip Desk · October 15, 2026 · 2 min read

The home-products company said the Fiberon sale is part of active portfolio management to concentrate resources in its highest-return opportunities.

Fortune Brands Innovations, Inc. (FBIN) agreed to sell its Fiberon composite decking business in an asset purchase, a move that underscores its commitment to active portfolio management and capital allocation discipline.

The Deerfield, Illinois-based home, security and digital products company said the sale is intended to ensure its resources are concentrated in its highest-return opportunities. Fiberon had been part of Fortune Brands’ branded portfolio alongside Moen, House of Rohl, Therma-Tru, Larson, Master Lock, SentrySafe and Yale residential.

The transaction is subject to regulatory approval and is expected to close within 60 days. No purchase price, exchange ratio or premium was disclosed in the announcement.

The divestiture fits a year in which Fortune Brands has been reshaping its leadership and its view of where capital should sit. In February, Chief Executive Officer Nicholas Fink said the company was “not satisfied with our current profitability” and was “identifying further opportunities to structurally improve our performance.” Full-year 2025 sales were $4.5 billion, down 3% versus 2024, and earnings per share were $2.47, down 34%.

In May, interim Chief Executive Officer David Barry said the company was working to “re-deploy capital towards our highest value creating opportunities” after first-quarter sales of $1.0 billion, down 2% from a year earlier. That same month the board elected Brendan M. Foley, then chief executive of McCormick & Company, to the board.

In June, the board appointed Jesse Singh, former chief executive of The AZEK Company, as chief executive, with Barry moving to chief operating officer. In September, the company named Peter G. Clifford, a former AZEK and Filtration Group finance chief, as executive vice president and chief financial officer, effective September 21, 2026.

Composite decking remains a contested category. In April, UFP Industries said it had acquired Oldcastle APG’s MoistureShield decking operating assets to expand Deckorators wood-plastic composite capacity, including manufacturing assets, inventory, certain product brands and CoolDeck technology. Fortune Brands did not name a buyer for Fiberon in the announcement.

The company said the Fiberon sale is expected to close within 60 days, subject to regulatory approval.