Masonite Completes Sale of France Door Business

Window & Door
August 4, 2015
Companies

Masonite International Corporation completed the sale of Premdor, S.A.S., Masonite’s door business in France, to an investment fund managed by Perceva S.A.S., a Paris-based independent investment firm, for nominal consideration. Premdor S.A.S. had net sales of approximately $127 million for the year ended December 28, 2014 and over 680 employees.

“The sale of our business in France reflects another positive step in our strategic initiative of optimizing our portfolio and increasing shareholder value," said Fred Lynch, president and CEO. "I want to thank the Premdor associates in France for their dedication and hard work in the face of very difficult business conditions. They have been part of the Masonite family since the 1990s, and we wish them the best as they continue their commitment to customer service under new ownership."