Fortune Brands to sell Fiberon decking unit to Inteplast for $160M; sees $175-205M impairment

Fortune Brands Innovations, Inc.

Definitive agreement executed Oct 15, 2026 to sell Fiberon composite decking business to a subsidiary of Inteplast Group Corporation for $160 million in cash.
Closing subject to regulatory approval and expected within 60 days; Jefferies is financial advisor and Sidley Austin LLP is legal advisor.
Expects an additional non-cash impairment charge for the Fiberon asset group of approximately $175 million to $205 million.
Prior June 27, 2026 impairment of $221.2M reduced Fiberon customer relationship intangible by $71.3M and property/equipment by $149.9M.

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