U.S. – Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately USD 725 million.

The agreement contains customary representations, warranties and covenants. The closing of the sale is expected to occur during the fourth quarter of 2019, subject to customary closing conditions and regulatory review.

Milgard Windows & Doors, based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners. Milgard is the highest online rated window and patio door brand, as measured by the 2018 NRS consumer sentiment study conducted by MetrixLab. Milgard has approximately 3,300 points of sale nationwide.

Masco announced in March that it would seek to explore strategic alternatives for its cabinetry and window businesses. The Company determined that pursuing the sale of Masco Cabinetry, Milgard Windows and UK Window Group in three separate transactions was the most appropriate path forward and expected that the sales of these businesses would be concluded in approximately six to nine months, assuming that each of these transactions can be completed on acceptable terms and conditions.