Fortune Brands Home & Security, a home and security products company based in Illinois, announced an agreement to acquire outdoor materials manufacturer Fiberon in a news release today.

Fiberon will join Fortune Brands’ new Doors & Security segment, created last month, upon closing and has agreed to be acquired for $470 million. Fiberon had approximately $200 million in annual sales in 2017 and has 475 associates with offices in Idaho and North Carolina. The closing of the transaction, subject to regulatory approval, is expected to occur within the next 30 days.

“The acquisition of Fiberon provides exciting category expansion and product extension opportunities for our Doors & Security segment into the outdoor living space—one of the fastest growing areas of the home,” said Chris Klein, chief executive officer, Fortune Brands. “Fiberon brings leadership in performance materials sustainably made in the U.S.A. from recycled materials. Fiberon has built its business in the most attractive segment of the decking category– non-wood, capped composites.”

The acquisition allows Fortune Brands to tap into the $2.5 billion decking market and leverage Fiberon’s focus on the rapidly growing market for capped composite non-wood products. The Doors & Security platform will allow Fiberon’s penetration across the Fortune Brands market and distribution channels, Klein said in the release. Klein also said the acquisition is expected to be accretive to earnings by approximately 5-6 cents in 2019.