Fortune Brands Home & Security, Inc. (NYSE: FBHS), parent of WoodCrafters and MasterBrand Cabinets, has authorized the repurchase of up to $250 million of shares of the Company's common stock.

MasterBrand Cabinetry parent Fortune Brands named Jason Baab VP Mergers and Acquisitions and promoted Elif Sagsen-Ercel to VP Strategy. Both are charged with expansion through acquisitions.

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.