Masonite International Corporation Announces Acquisition of Wood Door Division from Assa Abloy

Masonite International Corporation Announces Acquisition of Wood Door Division from Assa Abloy
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masonite.com

Date: 6 June 2018

Masonite International Corporation announced that it has completed the acquisition of the operating assets of the wood door companies of AADG, Inc., part of ASSA ABLOY, which includes the brands Graham Manufacturing Corporation (“Graham”) and The Maiman Company (“Maiman”).

Graham provides the non-residential construction industry with a full range of architectural premium and custom grade flush wood doors. Maiman is a manufacturer of architectural stile and rail wood doors, thermal fused flush wood doors and wood door frames.

The two divisions employ approximately 275 people located in their three manufacturing facilities in Mason City, IA and Springfield, MO.

Net sales for the two divisions for the twelve months ended December 2017 were approximately $70 million.

“We believe this acquisition fits well with Masonite’s existing Architectural business. Graham and Maiman will provide Masonite with an expanded footprint to better serve our customers,” said Graham Thayer, Masonite’s Senior Vice President, Architectural.

The acquisition of these assets marks Masonite’s ninth acquisition in the last four years.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20180604005468/en/

Source: Masonite International Corporation

600450 Masonite International Corporation Announces Acquisition of Wood Door Division from Assa Abloy glassonweb.com

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