Posts Tagged ‘ Masonite International Corp. ’

And Just Like That: Masonite Goes From Buyer to Seller

Feb 12th, 2024

The pink panther is coming to doors. That was the news Friday, when Owens Corning, a roofing, insulation and composites manufacturer (that’s well-known for using the character in its marketing) announced a deal to acquire Masonite International Corp. The deal was announced weeks after PGT Innovations dismissed Masonite from its own acquisition, leaving Masonite to […]

Masonite to Be Acquired for $3.9 Billion

Feb 9th, 2024

Weeks after exiting a deal with PGT Innovations, pocketing an $84 million termination fee, Masonite International Corp. is now set to be acquired by Owens Corning. The $3.9 billion deal brings Owens Corning into the interior and exterior doors market, growing its revenue and earnings to approximately $12.6 billion, officials said. Owens Corning will acquire […]

PGTI Softly Rejects Latest Offer from Miter While Providing Punchlist for Better Deal

Jan 8th, 2024

Pass the Catchup: In October 2023, Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer for PGTI at $1.9 billion. PGTI rejected the deal. In December, Miter upped its offer to $2.2 billion, only to be turned down again. Days later, a deal was announced with Masonite, in which the company agreed to […]

Masonite’s Q2 Net Sales Decline; Sees ‘Great’ Future Potential

Aug 17th, 2023

Masonite International Corp. reports that net sales declined by 3% year-over-year in the second quarter of 2023 (2Q23). Masonite CFO and executive vice president Russell Tiejema says the decline was expected, as resiliency in the market for new housing was offset by a weaker demand for repairs and remodels. Financial data indicates that the Tampa-based […]

Masonite Appoints Katie Shellabarger as VP and Chief Accounting Officer

May 17th, 2023

Masonite International Corp. recently announced that Katie Shellabarger has been appointed as vice president and chief accounting officer. “Katie has been an integral part of our finance and accounting leadership team since joining Masonite four years ago,” said Russ Tiejema, the company’s chief financial officer. “Her extensive audit and accounting experience across multiple industries, as […]

Masonite International Completes Acquisition of Endura Products

Jan 5th, 2023

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 […]

Masonite Announces Five New Builder/Partners for M-Pwr Smart Doors

Oct 3rd, 2022

Masonite International Corp. has announced the expansion of its M-Pwr Smart Doors home builder portfolio with the addition of five new builder partners. According to the company, its M-Pwr Smart Doors are the first residential exterior doors to integrate power, LED welcome lights, video doorbells and smart locks into the door system. “We’re thrilled to […]

Masonite Invests $4.8M in Circular Innovation Fund to Scale Breakthrough Sustainability Innovations

Sep 26th, 2022

Masonite International Corp., designer, manufacturer, marketer and distributor of interior and exterior doors, has announced a $4.8M investment in the Circular Innovation Fund L.P. (CIF), a venture capital fund dedicated to advancing the circular economy by investing in growth-stage companies across North America, Europe and Asia. Investors in CIF believe it has the potential to […]

Masonite Opens New Exterior Door Manufacturing Facility in United Kingdom

Jul 1st, 2022

Masonite International Corp. has announced the opening of a new plant in Stoke-on-Trent, England. The company says the new facility combines the previous Solidor® production and storage sites into one manufacturing hub and utilizes advanced manufacturing automation to improve production efficiency, product quality and the work experience for employees. “The opening of this purpose-built facility […]

Masonite Reports “Exceptional Start” to 2022

May 10th, 2022

Last week, Masonite International Corporation announced results for the three months ended April 3, 2022. The company reports that its net sales were up 12% year over year, from $646 million in the first quarter of 2021 to $726 million. The increase resulted from a 15% increase in average unit price (AUP), partially offset by […]