Masonite to acquire company in $375M cash deal
November 3, 2022 - Tampa-based door manufacturer Masonite (NYSE: DOOR) is planning to acquire North Carolina-based manufacturer Endura Products in a $375 million cash deal, subject to customary closing adjustments and regulatory approval. Endura is a leading innovator and manufacturer of door frames and systems used by contractors in residential new construction and repair and remodeling applications. Masonite plans to integrate the Endura business into its North American residential business segment. Bruce Procton, president of Endura, will remain part of the business to ensure a smooth transition. The transaction will be funded with cash on hand, borrowings under an ABL credit facility and an expected new term loan. It's expected to close by the end of the year.