Masonite International Corporation Announces Acquisition of DW3 Products Holding Limited
Masonite International Corporation Ordinary Shares (Canada) (DOOR)
Last masonite international corporation ordinary shares (canada) earnings: 2/18 04:25 pm
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investor.masonite.com
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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 DW3 Products Holding Limited (“DW3”), a leading UK provider of high quality premium door solutions and window systems, supplying products under brand names such as Solidor, Residor, Nicedor, and Residence. Solidor utilizes a leading online offering, including a door designer and a specialized online portal, which allows trade customers to specify and purchase products online. DW3 employs approximately 300 people located in Stoke-on-Trent and Gloucester, England. DW3’s net sales for the twelve months ended December 2017 were approximately £45 million. The purchase price for all of DW3’s outstanding shares was approximately £70 million, net of cash acquired and subject to customary post-closing adjustments. “DW3 fits exceptionally well with Masonite’s existing busin
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