News, Updates, & Press Releases

Keep up-to-date on the latest happenings in the woodworking industry. Woodworking Network provides news & updates for the professional woodworking and closets & organized storage industries in North America.

 

Architectural Products

Masonite sells architectural business segment

TAMPA, Fla. — Masonite International Corp. announced that it has entered into a definitive agreement for the sale of all assets associated with the company’s Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners.The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions.Houlihan Lokey, Inc. acted as Masonite’s financial advisor on the transaction.

Woodworking Industry News

Memorial scheduled for James Scarlett

A Celebration of Life for James Scarlett, 45, the CEO of Scarlett Inc., who died April 12 when the plane he was piloting crashed in a wooden area of Tennessee. The memorial has been scheduled for Sunday, April 21, from 1 p.m. to 3 p.m (EDT) at the Thousand Oaks Golf Club, 4100 Thousand Oaks Drive Northeast, Grand Rapids, MI 49525