TAMPA, FL — Masonite Corporation (the "Company") Masonite Corporation (the "Company") today announced that it has completed the acquisition of Birchwood Best ("Birchwood"), headquartered in Birchwood, WI on November 1, 2011. Birchwood is one of North America’s largest producers of commercial/architectural wood flush door skins; as well as a significant producer of hardwood plywood. Birchwood's operations were founded in 1904 in Birchwood, WI.
Birchwood employs approximately 240 people, with one facility in Birchwood, WI, and a smaller location in Thorp, WI. Birchwood's 2010 revenue exceeded $40 million. No other financial details of the acquisition have been disclosed.
"The acquisition of Birchwood enhances our position as a leader in the manufacturing and distribution of components for residential, commercial and architectural wood doors," said Fred Lynch, Masonite's President and CEO. "We are excited about the capabilities this acquisition adds to Masonite."
"Birchwood's facilities in Wisconsin are a natural complement to Masonite's existing commercial and architectural businesses," said Cody Wickersheim, Vice President of Birchwood. "We look forward to joining the Masonite team and to the exciting new possibilities this creates for our customers."
Mr. Wickersheim, a 16-year Birchwood veteran, will join Masonite and lead the integration effort.
This press release is available on the Company's website www.masonite.com.
Masonite International Corporation, the parent of Masonite Corporation, (“Masonite”) is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to customers in approximately 70 countries around the world.
This press release and other related written reports and oral statements made by Masonite may include forward-looking statements, all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as "may," "will," "intend," "should," "expect," "believe," "outlook," "predict," "objective," "remain," "anticipate," "estimate," "potential," "continue," "plan," "could," "might," "project," "targeting," and other words of similar meaning, or by the fact that they do not relate strictly to historical or current facts. Readers must carefully consider any such statements and should understand that many factors could cause actual results and developments to differ materially from Masonite's forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other known and unknown risks and uncertainties, including: general economic, market and business conditions; levels of construction and renovation activity; competition; financing risks; ability to manage expanding operations and effectively integrate acquired businesses; commitments; new services; retention of key management personnel; environmental and other government regulation; and other factors. No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, we caution readers not to place undue reliance on our forward-looking statements. Masonite disclaims any responsibility to update these forward-looking statements, whether as a result of new information, future events or otherwise.
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