Masonite Completes Acquisition of Performance Doorset SolutionsJuly 27th, 2015 by Editor
Masonite International Corp. has completed its $16 million acquisition of Performance Doorset Solutions Ltd., a U.K.-based supplier of custom doors and millwork that specializes in non-standard product specifications for wood and composite products.
PDS employs about 150 in Lancashire, England. Net sales for the fiscal year that ended in April 2015 were in excess of $20 million, according to a release.
“PDS is a producer of high-quality niche product lines that complement Masonite’s existing U.K. business,” said Chris Virostek, Masonite’s senior vice president for strategy implementation and corporate development, in a statement.
“PDS’s products and service model are a natural addition to Masonite’s business,” said Tim Fairley, founder of PDS, in a statement. “We are pleased to see this transaction completed and are excited about the opportunities in will bring for our employees and customers.”