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Masonite International Corporation Completes Acquisition of Endura Products


TAMPA, Florida–(BUSINESS WIRE)–Masonite International Corporation (“Masonite” or “the Company) (NYSE: DOOR) today announced that it has completed its acquisition of Endura Products (“Endura”).

“We are thrilled to complete the acquisition of Endura and add their high performance door frames and door system components to our product portfolio,” said Howard Heckes, president and CEO of Masonite. “The combination of our two companies is a natural fit, and we look forward to leveraging the combined organization to develop new, innovative door solutions that accelerate our doors that do more.MT strategy and maximize our growth potential. We are thrilled to welcome the Endura team to the Masonite family.

The purchase price for the acquisition was financed using proceeds from the company’s recently announced $250 million senior secured term loan as well as a combination of borrowings from its credit facility renewable and available cash.

Wachtell, Lipton, Rosen & Katz is legal advisor to Masonite on the transaction and Simpson Thacher & Bartlett LLP is financial advisor to Masonite.

About Masonite

Masonite International Corporation is a world leader in the design, manufacture, marketing and distribution of interior and exterior doors and door systems for the new construction and building repair, renovation and remodeling industries. residential and non-residential building construction markets. Since 1925, Masonite has been offering customers innovative products and superior service at compelling values. Masonite currently serves more than 7,000 customers worldwide. Additional information about Masonite is available at

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of federal securities laws, including our discussion of the completed acquisition of Endura, including our ability to successfully integrate Endura’s business and achieve the expected synergies, and statements relating to our economic performance and financial condition, including, in particular, statements relating to our business and growth strategy and product development efforts and our ability to realize the revenues, cost savings costs, synergies and other anticipated benefits associated with the transaction. When used in this press release, these forward-looking statements can be identified by the use of words such as “may”, “could”, “could”, “will”, “should”, “expect “, “believes”, “outlook”, “predicts”, “plans”, “goal”, “remains”, “anticipates”, “estimates”, “potential”, “continues”, “plans”, “project”, “targeting”, or the negative form of these terms or any other similar terminology.

Forward-looking statements involve important known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Masonite, or the results of the industry, to differ materially from any plan, goal, target, objective, result, performance or achievements expressed or implied by these forward-looking statements. Accordingly, these forward-looking statements should not be construed as guarantees of future performance or results, should not be relied upon unduly, and will not necessarily be specific indications of whether or not such results will be achieved. Factors that could cause actual results to differ materially from the results discussed in the forward-looking statements include, but are not limited to, downward trends in our end markets and economic conditions; reduced levels of new residential construction; residential repair, renovation and remodeling; and non-residential building construction activity due to increases in mortgage rates, changes in mortgage interest deductions and related tax changes and reduced availability of financing; competition; the continued success of, and our ability to maintain relationships with, certain key customers in light of customer concentration and consolidation; our ability to accurately anticipate demand for our products; impacts on our business, including seasonality, weather and climate change; the scale and scope of the current coronavirus (“COVID-19”) pandemic and its impact on our operations, customer demand and supply chain; inflation, including increases in commodity and fuel prices; tariffs and trade policy developments and frictions between the United States and other countries, including China, and the impact of anti-dumping and countervailing duties; increases in labor costs, labor availability or labor relations (ie disruptions, strikes or work stoppages); our ability to manage our operations, including potential disruptions, manufacturing realignments (including related restructuring charges) and customer credit risk; product liability claims and product recalls; our ability to generate sufficient cash flow to fund our capital expenditure needs, to meet our pension obligations and to meet our debt service obligations, including our obligations under our premier notes rank and our asset-based revolving credit facility (“ABL Facility”); limitations on operating our business due to covenant restrictions under our current and future indebtedness, including our senior notes and the ABL Facility; fluctuations in exchange rates and interest rates; our ability to replace our expiring patents and innovate, keep pace with technological developments and successfully complete and integrate acquisitions; the ongoing operation of our information technology and enterprise resource planning systems and the management of potential cybersecurity threats and attacks; political, economic and other risks arising from the operation of a multinational business; uncertainty linked to the United Kingdom’s exit from the European Union; retention of key management personnel; and environmental and other governmental regulations, including the United States Foreign Corrupt Practices Act (“FCPA”), and any amendments thereto. For a more detailed discussion of these factors, see the information under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Forward-Looking Statements” in our most recent annual report on Form 10-K. filed with the SEC on February 24, 2022, in each case updated by our subsequent filings with the SEC. Masonite undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.



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