Masonite Buys Door-Stop International
February 24, 2014
Masonite International Corporation completed the acquisition of Door-Stop International Limited, the United Kingdom’s largest pre-hanger and distributor of composite exterior residential doors and door sets, for approximately $50 million.
Door-Stop, with one facility in Nottinghamshire, England, employs approximately 200 people. Its 2013 revenue exceeded $38 million.
"We believe the acquisition of Door-Stop positions Masonite as a leader in the manufacturing and distribution of residential doors and door sets for the UK market," says Chris Virostek, Masonite’s senior vice president, Corporate Development. “We are excited about the capabilities that this acquisition adds to Masonite.”
“Door-Stop’s products and service model are a natural complement to Masonite’s business,” adds Gary Dutton, chairman and founder of Door-Stop. “We are pleased to see this transaction completed and are excited about the opportunities it will bring our employees and customers.”