Fiber Composites, New London, N.C., and Sensibuilt Building Solutions, Portsmouth, N.H., have reached a definitive merger agreement to join their assets and brands. 

"The addition of Sensibuilt new-generation PVC decking represents a major opportunity to provide the best, most comprehensive line of decking, railing and fencing products in the business," said c.e.o. Doug Mancosh.  

 Sensibuilt Building Solutions, launched in 2007, produces PVC decking and siding. Sensibuilt's products will join Fiber Composites' Fiberon brands of composite decking and railing and Enclave composite fencing. 

Bill Collins, chairman of Sensibuilt Building Solutions, will remain with the post-merger company as vice chairman.  "The combination of Sensibuilt's unique PVC technology and product pipeline, together with Fiber Composites' existing brands and organizational resources, creates a powerful new player in the marketplace," he said. 

Pegasus Capital Advisors, which held a majority interest in Sensibuilt, will invest in Fiber Composites and retain a minority position in the merged companies.