Masonite International Inc.
Headquarters: Tampa, Fla.
Product Lines: Steel, wood, fiberglass and composite entry and patio doors. Interior doors, French doors, and bi-fold doors.
Web Sites: www.masonite.com
2012 Top 100 Sales Range Category: More than $1 Billion
General Information: After going through a financial restructuring process in 2009 to significantly reduce its debt, the global door maker has returned to its long-term strategy of expansion through acquisition. In 2011, it added Marshfield DoorSystems, a provider of doors and door components for commercial and architectural applications. Manufacturing doors since 1908, Marshfield employs approximately 600 people, with a primary facility in Marshfield, Wis., and two smaller locations in Greensboro, N.C. and Largo, Fla. Marshfield’s 2010 revenue exceeded $100 million.
Also in 2011, Masonite added Birchwood Best, a producer of commercial/architectural wood flush door skins based in Birchwood, Wis. Those additions followed the acquisition of five companies involved in door manufacture in 2010. In the U.S., Masonite added two interior door makers, Ledco, based in Shelbyville, Ky., and Lifetime Doors, based in Farmington Hills, Mich. In addition, Masonite acquired three different operations in India to become the first door company with a national footprint in that country, company officials report. In other 2011 news, Masonite announced plans to invest $14 million in a former Lifetime Door plant in Denmark, S.C., to create “a next-generation automated interior door production line and infrastructure.”
Originally known as Premdor, the door manufacturer was an active consolidator in the door industry in the 1990s, eventually acquiring the Masonite business from International Paper. The one-time public company went private in 2005, as it was acquired by Kohlberg, Kravis & Roberts, a New York-based private equity firm. The company continues to operate on a global scale, with more than 50 manufacturing and distribution facilities in North and South America, Asia, Europe and Africa and serving customers in more than 70 countries. The manufacturer reported 2010 sales of $1.38 billion.
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