Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading home, security and digital products company whose purpose is to elevate every life by transforming spaces into havens, today announced that in collaboration with the Board of Directors, management has initiated a formal strategic review of its Fiberon composite decking business.

The review reflects Fortune Brands' ongoing commitment to active portfolio management and capital allocation discipline and is intended to ensure the Company's resources are concentrated in its highest-return opportunities. 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.