Masco Corporation Announces Intention to Pursue Divestitures of Cabinetry and Windows Businesses

Date: 24 June 2019
Source: masco.com
Masco Corporation Announces Intention to Pursue Divestitures of Cabinetry and Windows Businesses
Photo source
masco.com

Date: 24 June 2019

Masco Corporation announced that it has concluded its strategic review of its Cabinetry and Windows businesses and will pursue the sale of these businesses.

“Since we announced the strategic review of our Cabinetry and Windows businesses in March, we have worked with our external advisors, our Cabinetry and Windows business units, and our Board of Directors to evaluate alternatives to best deliver long-term value for our shareholders,” said Keith Allman, Masco’s President and CEO. 

“We have determined that pursuing the sale of Masco Cabinetry, Milgard Windows and UK Window Group in three separate transactions is the most appropriate path forward to accomplish this value creation.  We expect that the sales of these businesses will be concluded in approximately six to nine months, assuming that each of these transactions can be completed on acceptable terms and conditions.”

“Over the past five years, we have executed on our strategy to reduce our cyclicality by increasing our exposure to the repair and remodel segment of the housing market,” continued Allman. “This began with the spin-off of our installation services business and continued with a focus on improving the operations of our Cabinetry and Windows businesses. The strategic actions we are announcing today will complete the process of reducing our exposure to the new construction segment of the market and position us to focus on our less cyclical Plumbing Products and Decorative Architectural Products businesses going forward,” concluded Allman.   

For 2018, the Cabinetry Products and Windows and Other Specialty Products segments on a combined basis reported $1.7 billion in net sales, $120 million in operating profit and $161 million in adjusted EBITDA (defined as operating profit plus depreciation and amortization expense of $36 million and excluding $5 million of rationalization charges), which represented 20 percent of Masco’s consolidated net sales, 10 percent of consolidated operating profit, and 11 percent of consolidated adjusted EBITDA. 

600450 Masco Corporation Announces Intention to Pursue Divestitures of Cabinetry and Windows Businesses glassonweb.com

Others also read

From 24 to 27 March 2026, the world's leading trade fair will once again open its doors at the Exhibition Centre Nuremberg.
VEKA Ibérica and Guardian Glass collaborate to help advance energy and environmental performance in window solutions in Iberia.
A panel discussion about supply chain disruptions and how to navigate related challenges took place at the Fenestration and Glazing Industry Alliance (FGIA) Fall Conference in Indianapolis.
A+W Software announces with deep sadness the passing of its co-founder, Dr. Renate Albat.
On September 26th 2025, a pivotal meeting took place between EPPA and Philippe Moseley, Member of Cabinet of the European Commissioner for Energy and Housing, Dan Jørgensen.
Thermoseal strengthens its UK presence with the acquisition of Solutions UK, marking a significant step in expanding the Fenzi Group’s commercial reach in the glass industry.

Add new comment

From industry

NEWS RELATED PRODUCTS

A+W Software GmbH