Masonite Completes Marshfield Acquisition
Masonite Inc. has closed the previously announced acquisition of Marshfield DoorSystems Inc., the manufacturer of doors and door components for commercial and architectural applications. Financial details of the transaction were not disclosed.
Founded in 1890, Marshfield employs approximately 600 people, with a primary facility in Marshfield, Wis., and two smaller locations in Greensboro, N.C., and Largo, Fla. Marshfield’s 2010 revenue exceeded $100 million dollars, it is reported.
"We are excited to complete this transaction and look forward to partnering with Marshfield’s customers, suppliers and employees," says Fred Lynch, Masonite’s president and CEO. "Marshfield also provides an important additional platform of strategic growth for our company."
"The combination of Marshfield and Masonite will provide great, new opportunities for our customers, employees and suppliers," adds Don Bergman, Marshfield’s CEO. "We look forward to successfully integrating the two businesses."