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New Deal


Announced

Owens Corning to acquire Masonite International Corporation for $3.9bn.

Financials

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Transaction Value£3,090m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA8.6x
Share Price Premium38%
One Off Charge-

Tags

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doors manufacturer

United States

Household Equipment and Products

Acquisition

Domestic

Majority

Public

Pending

Friendly

Single Bidder

Synopsis

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Owens Corning, a global building and construction materials company, agreed to acquire Masonite International Corporation, an interior and exterior doors and door systems firm, for $3.9bn. “We are excited by this opportunity to add a scalable new growth platform for our company. Masonite is a market leader that complements our existing residential interior and exterior product offering and has consistently demonstrated top-line growth and margin expansion. The combination of our commercial, operational, and innovation capabilities allows us to accelerate our long-term enterprise growth strategy with a clear line of sight to meaningful synergies and increased cash flow generation,” Brian Chambers, Owens Corning Chairman and CEO.

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