- Masonite International ( NYSE: DOOR ) said Thursday it will acquire Endura Products for ~$375M in cash.
- Masonite ( DOOR ) plans to integrate the Endura business into its North American residential unit.
- A cross-functional team has been formed to plan the integration and deliver anticipated synergies, including sourcing and other cost synergies.
- The deal will be funded with cash on hand, borrowings under an ABL credit facility and an expected new term loan.
- Endura manufactures high-performance door frames and door system components. Its net sales for the 12 months ended Sept. were ~$270M.
- The deal is expected to close near the end of 2022.
For further details see:
Masonite International to acquire Endura Products for $375M