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Inteplast Group has entered into a purchase agreement to acquire composite decking manufacturer Fiberon from a subsidiary of Fortune Brands Innovations. The acquisition includes Fiberon's manufacturing sites in New London, North Carolina, and Meridian, Idaho, and is expected to close within 60 days.
“The anticipated acquisition of Fiberon provides expansion within the decking category with non-wood, capped composites, and other product extension opportunities in the outdoor living space within our current Inteplast Building Products segment.”inteplast.com
Summarized from public sources; check the original articles before acting on it.