Masonite Announces Acquisition of Door-Stop

Mar 2, 2014 | Furniture Manufacturer | 0 comments

U.S. – Masonite International Corporation announced that it has completed the acquisition of Door-Stop International Limited (“Door-Stop”). Door-Stop is the United Kingdom’s largest online distributor of composite residential doors and door sets.

Door-Stop employs approximately 200 people, with one facility in Nottinghamshire, UK. Door-Stop’s 2013 revenue exceeded US $38 million. The purchase price for 100% of the outstanding shares was approximately US $50 million, net of cash acquired.

“We believe the acquisition of Door-Stop positions Masonite as a leader in the manufacturing and distribution of residential doors and door sets for the UK market,” said Chris Virostek, Masonite’s Senior Vice President, Corporate Development. “We are excited about the capabilities that this acquisition adds to Masonite.”

“Door-Stop’s products and service model are a natural complement to Masonite’s business,” said Gary Dutton, Chairman and founder of Door-Stop. “We are pleased to see this transaction completed and are excited about the opportunities it will bring our employees and customers.”

 

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