Masonite acquires Bridgewater Wholesalers
Masonite International Corporation said it has completed the acquisition of the operating assets of Bridgewater Wholesalers Inc. (BWI).
Based in Branchburg, N.J., BWI is a leading fabricator and distributor of door systems and related components supporting customers in the Mid-Atlantic and Northeastern United States. The company’s product offerings include both residential interior and exterior doors as well as value added pre-finishing services.
BWI employs about 350 people across five facilities in Pennsylvania, New Jersey, New York, and Massachusetts.
Masonite, based in Tampa, Fla., has been BWI’s primary supplier of door system components.
BWI would have added approximately $55 million of incremental net sales to Masonite’s North America residential segment for the 12 months ended September 2018, after adjusting for inter-company transactions.
The purchase price of BWI was $23 million and is subject to customary post-closing adjustments, Masonite said.
“BWI has been an integral partner to Masonite for over 3 decades, providing outstanding service to their customers,” said Tony Hair, president of Masonite’s global residential business. “The combination of Masonite doors and BWI’s expertise with value added services provides continued access to the products and services that builders and dealers know and trust.”
The acquisition marks Masonite’s 10th acquisition in the last five years. Masonite designs and manufactures interior and exterior doors for multiple remodeling and construction markets.
Based in Branchburg, N.J., BWI is a leading fabricator and distributor of door systems and related components supporting customers in the Mid-Atlantic and Northeastern United States. The company’s product offerings include both residential interior and exterior doors as well as value added pre-finishing services.
BWI employs about 350 people across five facilities in Pennsylvania, New Jersey, New York, and Massachusetts.
Masonite, based in Tampa, Fla., has been BWI’s primary supplier of door system components.
BWI would have added approximately $55 million of incremental net sales to Masonite’s North America residential segment for the 12 months ended September 2018, after adjusting for inter-company transactions.
The purchase price of BWI was $23 million and is subject to customary post-closing adjustments, Masonite said.
“BWI has been an integral partner to Masonite for over 3 decades, providing outstanding service to their customers,” said Tony Hair, president of Masonite’s global residential business. “The combination of Masonite doors and BWI’s expertise with value added services provides continued access to the products and services that builders and dealers know and trust.”
The acquisition marks Masonite’s 10th acquisition in the last five years. Masonite designs and manufactures interior and exterior doors for multiple remodeling and construction markets.