USA - Masonite International Corporation has announced that its U.S. subsidiary completed the acquisition of Fleetwood Aluminum Products, LLC for a cash transaction valued at USD 285 million.
Fleetwood is a prominent manufacturer and designer of high-end glass doors and window solutions with aluminum frames for luxury residences. Their product portfolio encompasses multi-slide and pocket glass patio doors, pivot and hinged glass entry doors, folding glass door wall systems, along with premium window products. Their offerings are distinguished by exceptional quality, full customization, contemporary designs, elegant hardware, and precise locking and rolling systems. Committed to innovation, Fleetwood maintains in-house design, engineering, and testing capabilities and holds patents and trademarks for energy-efficient and weather-resistant products.
A family-owned enterprise since 1961, Fleetwood is headquartered in Corona, CA, and operates a 18,600 sqm. manufacturing facility with around 350 employees. Fleetwood's products are distributed through a network of over 200 exclusive dealers, collaborating with homebuilders and architects to provide their top-tier products to homeowners across North America.
Fleetwood is anticipated to contribute approximately USD 150 million in additional annual revenue to Masonite in 2024.
With headquarters in Tampa, Florida, Masonite International Corporation is a global designer, manufacturer, marketer and distributor of interior and exterior doors and door systems for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets.