Industry News

Fortune Taking Over Fiberon

Composite decking and railing manufacturer Fiberon, New London, N.C., has agreed to be acquired by Fortune Brands, Deerfield, Il., for $470 million.

Composite decking and railing manufacturer Fiberon, New London, N.C., has agreed to be acquired by Fortune Brands, Deerfield, Il., for $470 million.

Fiberon will become part of Fortune’s new Doors & Security segment, which also includes Therma-Tru Doors and Master Lock. Other segments are Plumbing (Moen) and Cabinets (MasterBrand).

The deal was expected to close before the end of September.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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