Masonite International Completes Acquisition of Endura ProductsJanuary 5th, 2023 by Editor
Masonite International Corp. recently announced that its acquisition of Endura Products, initially announced in November, is now complete.
“We are excited to complete the acquisition of Endura and add their high-performance door frames and door system components to our product portfolio,” said Howard Heckes, president and CEO for Masonite. “The combination of our two companies is a natural fit, and we are eager to leverage the combined organization to develop innovative new door solutions that accelerate our Doors That Do More strategy and maximize our growth potential. We are thrilled to welcome the Endura team to the Masonite family.”
The acquisition purchase price was funded using proceeds from Masonite’s recently announced $250 million senior secured term loan, as well as a combination of borrowings on its asset-based revolving credit facility and cash on hand.