4 十月, 23:32
Masonite International Corporation has completed the acquisition of A&F Wood Products, Inc. (“AFWP”), a wholesaler and fabricator of architectural and commercial wood doors in the Midwest United States.
Founded in 1968, AFWP excels in providing door and hardware distributors with wood doors, hollow metal doors, custom metal frames, wood frames and hardware with quick ship capabilities.
The sellers will retain the use of the A&F brand for use with a separate pocket door frame business they will continue to operate.
AFWP employs approximately 50 people at a single site in Howell, Michigan and net sales for the twelve months ended May 31, 2017 were approximately $14 million.
Masonite expects the acquisition to be immediately accretive to its Adjusted EBITDA margin. Masonite has a long and valued history as a supplier of door products to AFWP. Terms of the acquisition were not disclosed.
Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors.