Masonite International
Encyclopedia
Masonite International Corporation is a company headquartered in Tampa, Florida, which employs over eleven thousand people worldwide. Masonite manufactures interior and exterior door
s, door components, and door entry systems. It is one of the world's largest manufacturer and merchandiser of commercial and residential doors. A producer of over 120,000 interior and exterior wood, fiberglass, and metal doors a day, it has operations in more than 80 facilities in sixteen countries in North America, South America, Europe, Asia and Africa.
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Masonite was taken private in a leveraged buyout
by LBO shop Kohlberg Kravis Roberts. While under KKR's stewardship, the company went into bankruptcy. Masonite completed a financial restructuring and emerged from both Chapter 11 proceedings in the United States and CCAA protection in Canada, 85 days after the initial filings on March 16, 2009.
Door
A door is a movable structure used to open and close off an entrance, typically consisting of a panel that swings on hinges or that slides or rotates inside of a space....
s, door components, and door entry systems. It is one of the world's largest manufacturer and merchandiser of commercial and residential doors. A producer of over 120,000 interior and exterior wood, fiberglass, and metal doors a day, it has operations in more than 80 facilities in sixteen countries in North America, South America, Europe, Asia and Africa.
History
Masonite was founded by engineer and inventor William H. Mason after he discovered a more effective way to use wood in building materials. The result was the material known as MasoniteMasonite
Masonite is a type of hardboard invented by William H. Mason.-History:Masonite was invented in 1924 in Laurel, Mississippi, by William H. Mason. Mass production started in 1929. In the 1930s and 1940s Masonite was used for many applications including doors, roofing, walls, desktops, and canoes...
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Masonite was taken private in a leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
by LBO shop Kohlberg Kravis Roberts. While under KKR's stewardship, the company went into bankruptcy. Masonite completed a financial restructuring and emerged from both Chapter 11 proceedings in the United States and CCAA protection in Canada, 85 days after the initial filings on March 16, 2009.