April 18, 2014 11:53 PM ET

Building Products

Company Overview of Masonite Corporation

Company Overview

Masonite Corporation manufactures interior doors. The company provides doors in a portfolio of styles, designs, textures, components, glass options, applications, and materials. It offers fiberglass, steel, and glass entry doors; patio and other doors; and bolection doors, sliding door hardware, adjustable steel frame jamb systems, stain kits, and commercial/architectural flush doors. It serves builders, professional remodelers, homeowners/consumers, architects, and interior designers through a network of dealers and home centers. The company was formerly known as Mason Fibre Company and changed its name to Masonite Corporation in 1928. The company was founded in 1925 and is based in Tampa, ...

201 North Franklin Street

One Tampa City Center

Suite 300

Tampa, FL 33602

United States

Founded in 1925

Phone:

813-877-2726

Fax:

813-739-0204

Key Executives for Masonite Corporation

Chief Executive Officer
Age: 48
Chief Financial Officer and Executive Vice President
Age: 44
Chief Operating Officer and Executive Vice President of Global Sales & Marketing
Age: 51
Senior Vice President
Age: 52
Executive Vice President of Global Operations and Europe
Age: 56
Compensation as of Fiscal Year 2013.

Masonite Corporation Key Developments

Masonite Corporation Plans to Close its Kirkwood Manufacturing Plant

Masonite Corporation's 64 employees will lose their jobs in February as the company plans to close its Kirkwood manufacturing plant. According to a notice filed with the labor department, Masonite Corp. will lay off employees on Feb. 5, or within 14 days of that date, because of economic reasons. The estimated cost of the order reduction for Masonite is $70 million, 4% of total sales.

Masonite Mulls Acquisitions

Masonite Corporation intends to look for potential acquisitions. Robert Byrne, Chairman, Masonite, said: "To counteract this, we continue to execute on our strategy and deliver on our three pillars of EBITDA and revenue growth -- one, drive operating leverage through aggressive cost control and footprint rationalization to strengthen the core; secondly, grow organically through new product innovation, customer service excellence, and growing in new regions; and lastly, tuck-in acquisitions to aid in needed consolidation, and more recently, to enable growth in higher-margin and differentiated interior commercial and architectural wood doors."

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