Fortune Brands Initiates Strategic Review of Fiberon
Fortune Brands Innovations announced that in collaboration with the Board of Directors, management has initiated a formal strategic review of its Fiberon composite decking business. The process will explore a range of strategic alternatives while Fiberon continues to execute against its near-term commercial priorities and support and service customers. "Fortune Brands is committed to maximizing shareholder value through disciplined portfolio management," said Fortune Brands Interim Chief Executive Officer David Barry. "While Fiberon is a strong brand with proven innovation credentials and well-established channel relationships, this strategic review supports our sharpened focus on our core platforms that drive profitable growth."
