U.S. – Masonite International Corporation announced that it has completed the acquisition of the operating assets of Bridgewater Wholesalers Inc. (BWI), headquartered in Branchburg, New Jersey.

BWI is a leading fabricator and distributor of door systems and related components supporting customers in the Mid-Atlantic and Northeastern United States. Their product offerings include both residential interior and exterior doors as well as value added pre-finishing services.

BWI employs approximately 350 people across five facilities located in Pennsylvania, New Jersey, New York and Massachusetts.

Masonite has been BWI’s primary supplier of door system components. As such, BWI would have added approximately USD 55 million of incremental net sales to Masonite’s North America Residential segment for the twelve months ended September 2018, after adjusting for intercompany transactions.

The purchase price was USD 23 million, net of cash acquired, and is subject to customary post-closing adjustments.

“BWI has been an integral partner to Masonite for over three decades, providing outstanding service to their customers,” said Tony Hair, President of Masonite’s Global Residential business. “The combination of Masonite doors and BWI’s expertise with value added services provides continued access to the products and services that builders and dealers know and trust. We welcome the BWI employees to the Masonite family.”