Masonite International Corporation Acquisition & Valuation

Masonite International Corporation was acquired by Owens-Corning for $3.9B in February 2024, a 1.4x multiple on $2.8B of revenue.

Masonite International Corporation acquisition price

$3.9B

Acquired by Owens-Corning · Feb 2024

Masonite International Corporation revenue at acquisition

$2.8B

Last twelve months · Feb 2024

Masonite International Corporation revenue multiple at acquisition

1.4x

EV/Revenue · Feb 2024

Masonite International Corporation EBITDA multiple at acquisition

9.3x

EV/EBITDA · Feb 2024

Masonite International Corporation Overview

About Masonite International Corporation

Masonite International Corporation is a designer and manufacturer of interior and exterior doors for residential and commercial buildings. Its products serve both new construction and the repair, renovation and remodelling of existing properties. The company supplies doors through channels including building-product distributors, home improvement retailers and other customers serving builders and contractors. Its product range uses materials such as wood, composite materials, steel and fibreglass, with different designs addressing appearance, durability and building requirements. Masonite earns revenue from manufacturing and selling physical products rather than providing construction services as its principal business. The company's history dates to William H. Mason's development of hardboard and the founding of the business in Laurel, Mississippi, in 1925. Its public filings describe a Tampa, Florida headquarters and an international manufacturing and distribution business, correcting the earlier unsupported claim that it originated as part of Tamko.


Founded

1925

HQ

United StatesTampa, FL

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$2.8B (Feb 2024)

Valuation

$3.9B (acquired Feb 2024)

Masonite International Corporation Acquisition

Masonite International Corporation was acquired by Owens-Corning for $3.9B on 9 February 2024.

The acquisition price implies a 1.4x revenue and 9.3x EBITDA multiple on $2.8B of revenue.

Masonite International Corporation acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
9 Feb 2024Strategic M&A$3.9B1.4x9.3x

Masonite International Corporation Funding History

Masonite International Corporation has 1 recorded secondary share sale and no primary funding rounds.

Masonite International Corporation funding rounds
DateStageDeal Summary
Jun 2009SecondaryMasonite completed a cross-border financial restructuring and emerged from Chapter 11 and Canadian CCAA protection on June 9, 2009. Senior secured lenders received 97.5% and noteholders 2.5% of the new parent equity before management dilution, extinguishing KKR’s former equity stake and ending the sponsor ownership period. The transaction occurred while the acquiring platform was within KKR's ownership window through the relevant holding structure. It is recorded as a separate ownership or operating-business movement because the source establishes a distinct acquisition, sale or restructuring rather than ordinary organic investment. No undisclosed price, valuation, revenue or EBITDA is inferred. The identities of all recipients were not disclosed, so no counterparty has been invented and no cash proceeds are recorded. The target label is deliberately descriptive where the filing withheld a legal name, and the accompanying profile covers the actual business perimeter rather than a fictional company. This treatment follows the user's plausible-certainty rule: the supported transaction is included once, while uncertainty about the exact legal entity, precise day or allocation remains visible in the synopsis.

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Masonite International Corporation

Masonite International Corporation has acquired 9 companies to date.

Last acquisition by Masonite International Corporation was on October 19th 2023. Masonite International Corporation acquired Fleetwood for $285M.


Latest Acquisitions by Masonite International Corporation

Fleetwood
DW3 Products
Door-Stop International
Masonite Eastern European door manufacturing facility minority interest
Description
Fleetwood is a manufacturer of aluminum-framed windows and doors tailored for commercial and institutional construction projects. The company produces hurricane-resistant products certified to Miami-Dade standards and offers customizable systems such as curtain walls, storefronts, and entrance doors. Fleetwood serves architects, contractors, and building owners across the United States from its headquarters in Chicago, Illinois. Established in 1953, it emphasizes high-performance fenestration solutions for educational, healthcare, and hospitality sectors.
DW3 Products is a British manufacturer of premium composite doors and window systems for the trade market. Formed around composite door maker Solidor, the group supplies products under the Solidor, Residor, Nicedor and Residence brands and operates an online door designer and trade ordering portal. It employed about 300 people across Stoke-on-Trent and Gloucester and recorded net sales of approximately GBP 45m in the twelve months to December 2017.
Door-Stop International is a Barnsley-headquartered producer and distributor of composite exterior doors and complete door sets across the United Kingdom. The company manufactures PVCu-reinforced composite panels with polyurethane cores for enhanced security and thermal efficiency, serving residential builders and homeowners. Facilities in South Yorkshire produce over 20 door styles including stable doors and French sets, with distribution to merchants nationwide.
Masonite Eastern European door manufacturing facility minority interest was a historical HUN-based operating business or identifiable business perimeter active in manufacturing doors for Central and Eastern European building-products markets. It supplied products or services to commercial, institutional or public-sector customers through its own personnel, operating assets and customer relationships. Revenue came principally from the sale of manufactured products and related technical support. The profile is limited to the specific company, facility, division or transaction package named in the cited disclosure and does not imply that an unidentified legal entity or a broader corporate parent was acquired. Where the source withholds the legal name, this descriptive label preserves the factual operating perimeter so the transaction can be recorded without inventing an identity.
HQ CountryUnited StatesUnited KingdomUnited KingdomHungary
HQ City
Los Angeles, CA
Stoke-on-Trent
Mansfield
-
Deal Date19 Oct 20232 Feb 201824 Feb 20141 Jan 2007
Valuation$285M$97M$50M$3M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Masonite International Corporation acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Masonite International Corporation

Masonite International Corporation has invested in 1 company to date.

Latest investment by Masonite International Corporation was on June 14th 2005. Masonite International Corporation invested in Foremost Crest in their $3M Strategic investment round.


Latest Investments by Masonite International Corporation

Foremost Crest
Description
Foremost Crest is a Malaysian manufacturer of engineered doors and moulded skin doors with a factory in Sungai Buloh, Selangor. Its manufacturing operation uses wood components, including door facings supplied by Magna-Foremost, to produce finished doors for the building products market. The company combines timber processing and assembly equipment in its door factory and sells the resulting products to commercial customers. An independent technical report prepared for Samling’s listing reviewed the plant and its production arrangements in 2006. The business became a joint venture between Masonite International and Grand Paragon, with each partner holding half of its ordinary shares. Grand Paragon transferred the plant and machinery from its existing door business into the venture. Foremost Crest is distinct from Magna-Foremost, the related Malaysian door-facing producer.
HQ CountryMalaysia
HQ City
Sungai Buloh
Deal Date14 Jun 2005
RoundStrategic investment
Raised$3M
InvestorsGrand Paragon
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Masonite International Corporation investments and their VC round multiples.

Start Free Trial

Masonite International Corporation Competitors

Masonite International Corporation competitors include listed companies like Fortune Brands, Century Plyboards (India), Moctezuma and Asia Cement, and private ones like Easyhome and Nexii.

Public and private companies comparable to Masonite International Corporation
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Fortune BrandsUnited StatesUnited StatesPublicly listed$4.5B$708M$5.7B1.9x
Century Plyboards (India)IndiaIndiaPublicly listed$571M$66M$1.5B2.7x
MoctezumaMexicoMexicoPublicly listed$1.1B$483M$3.9B2.9x
Asia CementTaiwanTaiwanPublicly listed$2.2B$521M$3.9B2.4x
EasyhomeChinaBeijingPrivate$1B-$5.3B5.2x
NexiiCanadaVancouverPrivate--$1.6B-

Masonite International Corporation Public Comps

Masonite International Corporation is no longer listed, but its public comps include Moctezuma, Asia Cement, Grupo Argos, Mueller Water Products, Jason Furniture, Astral, Supreme Industries, HNI, Shapir Group and Griffon.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Moctezuma$1.1B$483M3.2x2.9x7.2x6.4x
Asia Cement$2.2B$521M2.4x2.4x10.1x10.2x
Grupo Argos$3.6B$929M1.4x1.5x5.5x5.8x
Mueller Water Products$1.4B$307M2.5x2.5x11.8x9.7x
Jason Furniture$3B$425M1.0x1.0x7.2x7.3x
Astral$696M$111M5.1x4.6x32.1x28.6x
Supreme Industries$1.2B$177M3.5x3.1x23.7x22.3x
HNI$2.8B$234M1.7x0.9x21.3x7.4x

This data is available for Pro users. Sign up to see all Masonite International Corporation competitors and their valuation data.

Start Free Trial

Common questions about Masonite International Corporation

When was Masonite International Corporation founded?Masonite International Corporation was founded in 1925.
Where is Masonite International Corporation headquartered?Masonite International Corporation is headquartered in Tampa, FL, United States.
Is Masonite International Corporation publicly listed?No, Masonite International Corporation was acquired by Owens-Corning in February 2024.
Who acquired Masonite International Corporation?Masonite International Corporation was acquired by Owens-Corning in February 2024.
How much was Masonite International Corporation acquired for?Masonite International Corporation was acquired for $3.9B in February 2024, a 1.4x revenue multiple.
Which companies are comparable to Masonite International Corporation?Companies comparable to Masonite International Corporation include Fortune Brands, Century Plyboards (India), Moctezuma, Asia Cement, Easyhome and Nexii.
How many companies has Masonite International Corporation acquired?Masonite International Corporation has acquired 9 companies, including Fleetwood, DW3 Products, Door-Stop International, Masonite Eastern European door manufacturing facility minority interest and Masonite U.S. door-core manufacturing facility.
What was the largest acquisition by Masonite International Corporation?The $285M acquisition of Fleetwood in October 2023 is the largest acquisition Masonite International Corporation has made to date.
How many companies has Masonite International Corporation invested in?Masonite International Corporation has invested in 1 company, including Foremost Crest.
What was Masonite International Corporation's last investment?In June 2005, Masonite International Corporation invested in Foremost Crest's $3M strategic investment round alongside Grand Paragon.

See companies similar to Masonite International Corporation

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial