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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.
Fortune Brands Innovations, Inc. acquired SpringWell Water Filtration Systems, a residential water filtration and softening company, for approximately $105 million on a cash-free, debt-free basis.