Atlas Purchases Masco Framing from Masco Corp

Atlas Holdings has acquired Masco Framing Corp from Masco Corporation. Angle Advisors acted as exclusive investment banking advisor to Masco and Framing in managing this transaction.

PRESS RELEASE

Angle Advisors is pleased to announce that Atlas Holdings (“Atlas”) has acquired Masco Framing Corp. (“Framing” or the “Company”) from Masco Corporation (“Masco”). Angle Advisors acted as the exclusive investment banking advisor to Masco and Framing in managing this transaction.
Based in Chandler, Arizona, Framing is one of the largest providers of framing services in its markets, operating two prebuilt frame-panel and truss manufacturing yards and one stand-alone door and trim manufacturing facility. A subsidiary of Masco, the Company services the residential and light commercial markets in Arizona, Nevada and northern California.
John Sznewajs, Masco’s Chief Financial Officer, commented, “Masco announced its intent to exit several business units related to building services at the end of 2011 to maximize value for our shareholders. Masco is pleased that the new owner of the Masco Framing organization is experienced with framing services and is committed to preserving and growing the business.”
Tim Fazio, Managing Partner at Atlas stated, “Angle Advisors facilitated our needs as a buyer and enabled us to close a complicated transaction in an extremely tight timeframe. The quality of the information and access provided by Angle enabled us to execute consistent with our original proposal, which resulted in a satisfied buyer and seller.”
Headquartered in Taylor, Michigan, Masco Corporation is one of the
world’s leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products. Comprised of more than 20 companies, the Masco family operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. With annual revenues of $7.5 billion in 2011 and approximately 31,000 employees worldwide, Masco is one of the world’s largest manufacturers of brand-name products for the home
improvement and new home construction markets. For additional information, please visit www.masco.com.
Atlas Holdings is a Greenwich, Connecticut-based private investment firm owning and operating more than 70 facilities with nearly 8,500 employees worldwide. Its businesses are engaged in a broad spectrum of industries including pulp, paper and tissue manufacturing, food and agriculture, wood products and building materials, packaging, capital equipment and industrial and business services. Atlas specializes in the purchase and revitalization of middle market companies in distress or facing complex issues including bankruptcy reorganizations, restructurings and challenging corporate divestitures. Atlas works closely with its operating partners and management teams to build strong standalone companies that can sustain long-term success. Visit www.atlasholdingsllc.com to learn more about Atlas Holdings.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm’s 32 professionals have completed 75 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds and public sector clients.

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