Masonite Adding Marshfield DoorSystems
Marshfield DoorSystems Inc., a manufacturer of door and door components for commercial and architectural applications, is being acquired by Masonite Inc. Marshfield employs approximately 600 people, with a primary facility in Marshfield, Wis., and two smaller locations in Greensboro, N.C. and Largo, Fla.
Masonite reports that Marshfield's 2010 revenue exceeded $100 million. No other financial details of the acquisition have been disclosed.
"The combination of Marshfield and Masonite's Mohawk branded commercial door business provides our customers with a wider range of innovative door products for the more demanding commercial and architectural applications," states Fred Lynch, Masonite's president and CEO. "Marshfield also provides an important additional platform of strategic growth for our company."
"We are excited to join the Masonite team," adds Don Bergman, Marshfield's CEO. "Both Marshfield and Masonite have solid reputations for delivering great customer service and quality products and we look forward to partnering with Masonite to provide new opportunities for our customers, employees and suppliers."
Bergman, a veteran of the building products industry, will remain with Masonite focusing on expanding Masonite's commercial and architectural door business. The transaction is expected to close immediately following regulatory approval.