Masonite International Corporation Announces Acquisition of Wood Door Division from Assa Abloy
Masonite International Corporation Ordinary Shares (Canada) (DOOR)
Last masonite international corporation ordinary shares (canada) earnings: 2/18 04:25 pm
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Source: Business Wire
TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation (NYSE: DOOR) today announced that it has completed the acquisition of the operating assets of the wood door companies of AADG, Inc., part of ASSA ABLOY, which includes the brands Graham Manufacturing Corporation (“Graham”) and The Maiman Company (“Maiman”). Graham provides the non-residential construction industry with a full range of architectural premium and custom grade flush wood doors. Maiman is a manufacturer of architectural stile and rail wood doors, thermal fused flush wood doors and wood door frames. The two divisions employ approximately 275 people located in their three manufacturing facilities in Mason City, IA and Springfield, MO. Net sales for the two divisions for the twelve months ended December 2017 were approximately $70 million. “We believe this acquisition fits well with Masonite’s existing
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