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
2013 Top 100 Sales Range Category: More than $1 Billion
General Information: The global door maker continued to expand its portfolio of wood door producers in 2012, adding Lemieux Doors Inc., based in Windsor, Quebec, Canada. Founded in 1990, Lemieux employs approximately 150 people, producing a broad range of residential panel and French wood doors.
Much of Masonite's recent expansion activity has been focused on the architectural door market, however. Last year, it added Algoma Hardwoods Inc., with manufacturing facilities in Algoma, Wis., and Jefferson City, Tenn.; as well as Quebec-based Baillargeon Doors Inc. Masonite also added Birchwood Best, a Wisconsin-based manufacturer of architectural door skins in 2011. Those moves followed the acquisition of Marshfield DoorSystems, a provider of doors and door components for commercial and architectural applications with annual sales of more than $100 million. With approximately 600 employees, the company operates its primary facility in Marshfield, Wis., and two smaller locations in Greensboro, N.C., and Largo, Fla. 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.
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, the New York-based private equity firm. Struggling through the economic downturn, Masonite went through a financial restructuring process in 2009 to significantly reduce its debt. Last year, it initiated plans to once again become a publicly traded company. Masonite continues to operate on a global scale, with more than 50 manufacturing and distribution facilities in North and South America, Asia, Europe and Africa, serving customers in more than 70 countries. The manufacturer reported 2011 sales of $1.49 billion.
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