Masonite Acquires A&F Wood Products

Oct 16, 2017 | Manufacturers Materials | 0 comments

USA – Masonite International Corporation announced that it has completed the acquisition of A&F Wood Products, Inc. (AFWP), a wholesaler and manugacturer of architectural and commercial wood doors in the Midwest United States.

754MASONITE Founded in 1968, AFWP provides door and hardware distributors with wood doors, hollow metal doors, custom metal frames, wood frames and hardware. The sellers will retain the use of the A&F brand for use with a separate pocket door frame business they will continue to operate.

AFWP employs approximately 50 people at a single site in Howell, Michigan and net sales for the twelve months ended May 31, 2017 were approximately USD 14 million. Masonite expects the acquisition to be immediately accretive to their Adjusted EBITDA margin. Terms of the acquisition were not disclosed.

“AFWP’s ability to provide quick ship custom machined and finished wood doors, hollow metal doors and related products to door and hardware distributors is a natural complement to Masonite Architectural’s manufacturing business,” said Graham Thayer, senior vice president and business leader of Masonite Architectural. “This transaction demonstrates our commitment to improving responsiveness to our customers with short lead times, additional products and value-added services. We are excited to welcome the AFWP team to the Masonite Architectural family.”

MASONITE

 

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