USA - Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, announced that it will explore strategic alternatives for its Cabinetry and Window businesses.

“Over the past five years, we have been executing our strategy to drive the full potential of our core businesses, leverage opportunities across our organization, and actively manage our portfolio to drive shareholder value,” said Keith Allman, Masco’s President and CEO. “Our Cabinetry and Window businesses are leaders in their respective markets and are well positioned to continue their growth. However, we believe we can potentially drive greater shareholder value by exploring strategic alternatives for these businesses. We expect to complete this review by the end of June.”

For 2018, the Cabinetry Products and Windows and Other Specialty Products segments on a combined basis reported USD 1.7 billion in net sales, USD 120 million in operating profit and USD 161 million in adjusted EBITDA (defined as operating profit plus depreciation and amortization expense of USD 36 million and excluding USD 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.

Masco Cabinetry, headquartered in Ann Arbor, Michigan, manufactures and sells semi-custom, stock and value-priced assembled cabinetry for kitchen, bath, storage, home office and home entertainment applications in a broad range of styles and price points to address consumer preferences. Masco Cabinetry’s products of the Kraftmaid and Cardell brands are sold primarily to dealers and home center retailers, and its product brands Merillat and Quality Cabinets are sold primarily to dealers and homebuilders for both home improvement and new home construction. For 2018, Masco reported net sales of its Cabinetry Products segment of USD 950 million, operating profit of USD 86 million and EBITDA of USD 99 million.