CHILE (Notifix.) – Masisa announced on June 17 have reached an agreement for the sale of its door business to Masonite, a global leader in its industry, for which it will receive $ 12.5 million. The transaction includes the door component operations in Cabrero, Chile and a door assembly factory in Chillan, Chile.

“The decision to sell responds to Masisa’s focus on its core business and its synergy business for the manufacture and marketing of wood boards for furniture and interior architecture in Latin America, which presents attractive growth opportunities in the markets where we are present” said Jaime Valenzuela, General Manager of Masisa Andina, who also noted, “we are very pleased to have finalized this transaction with Masonite and believe it will be very beneficial for customers, business partners and suppliers.”

Chris Virostek, Masonite’s Senior Vice President of Corporate Development added, “This transaction complements our existing residential wood door offering and provides an important additional platform of strategic growth for our company.”