TAMPA, FL â
Masonite has signed an agreement to acquire Marshfield DoorSystems Inc. The transaction is expected to close immediately following regulatory approval. 2010 revenues for Marshfield exceeded $100 million.
Marshfield Door manufactures doors and components for the architectural and commercial markets. The company is headquartered in Marshfield, WI, with two additional locations in Greensboro, NC, and Largo, FL. Marshfield Door employs 600; steadily improving orders for doors allowed it to recall some 80 employees in February.
| Marshfield manufactured the stile & rail plain
sliced cherry doors for the Longaberger building.
"The combination of Marshfield and Masoniteâs Mohawk branded commercial door business provides our customers with a wider range of innovative door products for the more demanding commercial and architectural applications," Fred Lynch, Masoniteâs president and CEO stated in a release. "Marshfield also provides an important additional platform of strategic growth for our company."
Masonite has been expanding. In October 2010, it acquired assets of Lifetime Doors, a Farmington Hills, MI manufacturer of flush door systems. In May Masonite consolidated Lifetime Doors operations, auctioning machinery from its Easton, PA plant.
Marshfield CEO Don Bergman will continue with Masonite, overseeing and expanding Masoniteâs architectural and commercial door business.
"Both Marshfield and Masonite have solid reputations for delivering great customer service and quality products," Bergman said in a statement. "We look forward to partnering with Masonite to provide new opportunities for our customers, employees and suppliers."
Marshfield Door can trace its roots back to 1890, as the Hatteberg Veneer cutting operation. The company was sold to W.H. Roddis in 1897, and production of the first solid core took place in 1908, under the Roddis Co. name. Weyerhaeuser purchased the Roddis Plywood Corp. door and veneer fabrication facility in 1960 and steadily expanded the plantâs capabilities over the next 40 years. In 2000, the Weyerhaeuser Door Division was purchased by the newly formed Marshfield DoorSystems Inc., with the backing of Wind Point Partners, a private equity investment firm.
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