Masonite has wrapped up its acquisition of Door-Stop International Limited, a major U.K. distributor of composite exterior residential doors.
The $50 million transaction was for 100% of Door-Stop's outstanding shares. Door-Stop's revenue came in at over $38 million in 2013.
"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," said Chris Virostek, Masonite’s SVP corporate development. “We are excited about the capabilities that this acquisition adds to Masonite.”
Door-Stop's facility is located in Nottinghamshire, with employment of approximately 200 people.
“Door-Stop’s products and service model are a natural complement to Masonite’s business,” said 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.”