MasterBrand Cabinets parent Fortune Brands Home & Security will acquire WoodCrafters Home Products LLC, a manufacturer of bathroom vanities and tops. The transaction is valued at $300 million.

Fortune Brands Home & Security posted net sales of $3.3 billion for 2011, an increase of 3% over 2010. The company said it projects 2012 sales to also increase, “at a mid-single-digit rate,” based on an assumption of 3% growth in the new housing and remodeling/repair markets.