Masonite International Acquires Fleetwood for USD 285m.

MANews-(C)2009-2023

US-based door systems manufacturer Masonite International Corp. (NYSE: DOOR) TODAY announced that its US subsidiary has acquired California-based glass door systems manufacturer Fleetwood Aluminum Products, LLC for USD 285m in cash.

Net of expected tax benefits attributable to the acquisition, the purchase price would equate to approximately USD 255m, equivalent to approximately 7 times Fleetwood's anticipated 2024 EBITDA. The transaction was funded with a combination of cash on hand and borrowings under Masonite's ABL credit facility.

Fleetwood is a designer and manufacturer of premium, aluminum-framed glass door and window solutions for luxury homes.

The acquisition of...

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