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Masonite acquires U.K.-based door maker

3/6/2018

Masonite International Corporation, the Tampa, Fla.-based door maker has acquired DW3 Products Holding Limited (DW3).


DW3 is a U.K.-based provider of premium doors and window systems that supplies doors under a number of brands including Solidor, Residor, Nicedor, and Residence. The company maintains locations in Stoke-on-Trent and Gloucester, England and has approximately 300 employees.


For the 12 months ended December 2017, DW3 has net sales of approximately 45 million pounds (US$63.57 million). Masonite paid 70 million pounds (US$99 million) for all of DW3’s outstanding shares.


“DW3 fits exceptionally well with Masonite’s existing business in the U.K.,” said Tony Hair, Masonite’s president, global residential. “Their online quick ship capabilities and product portfolio both complement and expand the strategies we are pursuing in this important market.”


Solidor utilizes an online offering, including a door designer and a specialized online portal, which allows trade customers to specify and purchase products online, Masonite said.


“DW3’s products and service model are a natural addition to Masonite’s business, and Masonite is an excellent cultural fit for our company,” said Gareth Mobley, CEO of DW3. “We are excited about the opportunities this will bring our employees and customers.”


DW3 is Masonite’s eighth acquisition in the last four years, and the fourth in the United Kingdom during that period.


Last November Masonite reported third quarter 2017 net sales increased 6% to $518 million from $490 million in the same period last year. The manufacturer will report its Q4 2017 and year-end sales on Feb. 21.


 


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