TAMPA, Fla.--(BUSINESS WIRE)--Masonite Inc. (the “Company”) (OTCBB: MASWF) today announced that it has signed an agreement to acquire Marshfield DoorSystems, Inc. (“Marshfield”), headquartered in Marshfield, WI. Marshfield is a leading provider of doors and door components for commercial and architecturally specified applications. Marshfield’s operations were founded in 1890 in Marshfield, WI, and it has been manufacturing and selling high-quality commercial door products since 1908. Marshfield employs approximately 600 people, with a primary facility in Marshfield, WI, and two smaller locations in Greensboro, NC and Largo, FL. Marshfield’s 2010 revenue exceeded $100 million. No other financial details of the acquisition have been disclosed.
“The combination of Marshfield and Masonite’s Mohawk branded commercial door business provides our customers with a wider range of innovative door products for the more demanding commercial and architectural applications,” stated Fred Lynch, Masonite’s President and CEO. “Marshfield also provides an important additional platform of strategic growth for our company.”
“We are excited to join the Masonite team,” said Don Bergman, Marshfield’s Chief Executive Officer. “Both Marshfield and Masonite have solid reputations for delivering great customer service and quality products and we look forward to partnering with Masonite to provide new opportunities for our customers, employees and suppliers.” Mr. Bergman, a veteran of the building products industry, will remain with Masonite focusing on expanding Masonite’s commercial and architectural door business.
The transaction is expected to close immediately following regulatory approval. This press release is available on the Company's website at www.masonite.com.
About Masonite
Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to our customers in more than 70 countries around the world.
“The combination of Marshfield and Masonite’s Mohawk branded commercial door business provides our customers with a wider range of innovative door products for the more demanding commercial and architectural applications,” stated Fred Lynch, Masonite’s President and CEO. “Marshfield also provides an important additional platform of strategic growth for our company.”
“We are excited to join the Masonite team,” said Don Bergman, Marshfield’s Chief Executive Officer. “Both Marshfield and Masonite have solid reputations for delivering great customer service and quality products and we look forward to partnering with Masonite to provide new opportunities for our customers, employees and suppliers.” Mr. Bergman, a veteran of the building products industry, will remain with Masonite focusing on expanding Masonite’s commercial and architectural door business.
The transaction is expected to close immediately following regulatory approval. This press release is available on the Company's website at www.masonite.com.
About Masonite
Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to our customers in more than 70 countries around the world.
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