U.S. – Masonite International Corporation, the world’s leading door manufacturer with headquarters in Tampa, Florida announced two acquisitions in the UK and the the sale of Premdor, S.A.S. (“Premdor”), its door business in France.

On July 27, 2015 Masonite announced the acquisition of PDS, a custom door manufacturer located in Lancashire, UK. PDS employs approximately 150 people and its net sales for the fiscal year ended April 2015 exceeded USD 20 million. The purchase price for 100% of the outstanding shares was approximately USD 16.0 million.

A few days later, on August 5th, Masonite made a new acquisition announcement, regarding National Hickman, a leading supplier of doorkits (similar to fully finished prehung door units) and other millwork based in UK. Hickman employs approximately 400 people at sites located near Birmingham, England and in Scotland. Hickman’s net sales for the twelve months ended June 2015 were approximately USD 110 million. The purchase price for 100% of the outstanding shares was approximately USD 82 million.

On August 3rd Masonite also completed the sale of Premdor S.A.S., the Company’s door business in France, to an investment fund. Premdor S.A.S. had net sales of approximately USD 127 million for the year ended December 28, 2014 and over 680 employees. Premdor was part of the Masonite group since 1990.