Global manufacturer of residential and commercial doors Masonite International Corporation has acquired Lemieux Doors based in Windsor, Quebec. Founded in 1990 Lemieux manufactures panel and French wood doors. The terms of the transaction have not been disclosed.
Masonite International Corporation (the “Company”) today announced that it has completed the acquisition of all of the capital stock of Lemieux Doors Inc., (“Lemieux”) based in Windsor, Quebec. Founded in 1990 Lemieux is known for its broad range of high quality panel and French wood doors and its market leading service proposition. Lemieux employs approximately 150 people and annual revenue exceeds $40 million. The terms of the transaction have not been disclosed.
“The combination of Lemieux’s extensive customer relationships and broad product and service offering with our distribution network will provide our customers with access to the widest range of high quality, cost effective wood door products.” stated Chris Virostek, Masonite’s Senior Vice President of Corporate Development. “Lemieux’s products and capabilities complement Masonite’s existing residential wood door offerings and provide an important additional platform of strategic growth for our company.”
“We are excited to join the Masonite team,” said Mario Aube, General Manager of Lemieux. “Both Masonite and Lemieux have solid reputations of delivering great customer service and innovative, high quality products. We look forward to partnering with Masonite to provide exciting new opportunities for our customers, employees and suppliers.”
The transaction closed effective August 1, 2012.
Masonite International Corporation is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to our customers in more than 70 countries around the world.
This press release and other related written reports and oral statements made by the Company may include forward-looking statements, all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as “may,” “will,” “intend,” “should,” “expect,” “believe,” “outlook,” “predict,” “objective,” “remain,” “anticipate,” “estimate,” “potential,” “continue,” “plan,” “could,” “might,” “project,” “targeting,” and other words of similar meaning, or by the fact that they do not relate strictly to historical or current facts. Readers must carefully consider any such statements and should understand that many factors could cause actual results and developments to differ materially from the Company’s forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other known and unknown risks and uncertainties, including: general economic, market and business conditions; levels of construction and renovation activity; competition; financing risks; ability to manage expanding operations and effectively integrate acquired businesses; commitments; new services; retention of key management personnel; environmental and other government regulation; and other factors.
No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, we caution readers not to place undue reliance on our forward-looking statements. The Company disclaims any responsibility to update these forward-looking statements, whether as a result of new information, future events or otherwise.