Masonite restructures Israeli subsidiary

Door manufacturer Masonite International announced Thursday that it would be restructuring its Masonite Israel subsidiary in order to avoid a court-appointed trustee being placed in charge of the company.

In order to restructure, the company requested a stay from the Israeli courts after evaluating the company’s options. The Israel company is currently operating at a loss, and constituted under 1% of Masonite International’s sales in the last fiscal year. 

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