TAMPA, FL - Masonite International Corporation (NYSE:DOOR) completed the acquisition of USA Wood Door, a wholesaler and fabricator of architectural and commercial wood doors in the Eastern United States providing door and hardware distributors with machined, re-sized, and value added additions to both unfinished and prefinished doors, in short lead times.
USA employs approximately 50 people at a single site in Thorofare, NJ. USA’s net sales for the twelve months ended August 31, 2015 were $18 million. The purchase price for 100% of the outstanding shares was approximately US $13 million.
"USA’s leadership in providing quick ship, value added architectural and commercial wood doors to door and hardware distributors is a natural extension of our North American architectural door business," said Chris Virostek, Masonite’s Senior Vice President, Strategy Implementation and Corporate Development. “USA’s focus on speed, quality and flexibility complements the strategies we are pursuing with our business.”
The majority of the doors distributed by USA Doors are two of Masonite’s key brands, Algoma and Mohawk, according to its president, John Krause
Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves more than 7,000 customers in 80 countries. Additional information about Masonite can be found at www.masonite.com.
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