
Tampa, FL, August 9, 2011 – Masonite Inc. (the
"Company") today announced the closing of the acquisition of Marshfield
DoorSystems, Inc. ("Marshfield"), headquartered in Marshfield, WI.
Marshfield is a leading provider of doors and door components for
commercial and architectural applications. Marshfield’s operations were
founded in 1890 in Marshfield, WI, and have been manufacturing and
selling high-quality commercial door products since 1908. Marshfield
employs approximately 600 people, with a primary facility in Marshfield,
WI, and two smaller locations in Greensboro, NC and Largo, FL.
Marshfield’s 2010 revenue exceeded $100 million dollars. No other
financial details of the acquisition have been disclosed.
"We are excited to complete this transaction and look forward to
partnering with Marshfield’s customers, suppliers and employees," said
Fred Lynch, Masonite’s President and CEO. "Marshfield also provides an
important additional platform of strategic growth for our company."
"The combination of Marshfield and Masonite will provide great,
new opportunities for our customers, employees and suppliers," said Don
Bergman, Marshfield’s CEO. "We look forward to successfully integrating
the two businesses."
This press release is available on the Company's website at www.masonite.com.
About Masonite
Masonite Inc. 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.
Forward-looking Statements
This press release and other related written reports and oral
statements made by the Company 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 the Company'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. The Company disclaims
any responsibility to update these forward-looking statements, whether
as a result of new information, future events or otherwise.