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New Deal


Announced

Completed

Masonite International completed the acquisition of Fleetwood for $285m.

Financials

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Transaction Value£234m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

glass doors

Majority

Private

Single Bidder

coatings

Building Materials: Other

Acquisition

Domestic

Completed

Friendly

Synopsis

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Masonite International, a global designer, manufacturer, marketer and distributor of interior and exterior doors and door systems, completed the acquisition of Fleetwood, a designer and manufacturer of aluminum-framed glass door and window solutions for luxury homes, for $285m. “Fleetwood has an outstanding reputation for product leadership, manufacturing excellence and modern designs for luxury residential applications. Their stunning door and window systems create a blend of indoor/outdoor living, showcasing natural light, style, security and energy efficiency, while adding exceptional beauty and flexibility to the home. Our companies share a common focus on improving life and living for homeowners, and we are thrilled to welcome the Fleetwood employees and partners into the Masonite family. This is the second acquisition we have completed in 2023 as part of our Doors That Do More strategy to expand our product portfolio and address new and non-traditional segments of the market with innovative and differentiated door systems,” Howard Heckes, Masonite President and CEO.

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