Masonite Announces Acquisition of USA Wood Door

Masonite International Corporation (the "Company") DOOR today announced that it has completed the acquisition of USA Wood Door ("USA"). USA is a wholesaler and fabricator of architectural and commercial wood doors in the Eastern United States providing door and hardware distributors with machined, re-sized, and value added additions to both unfinished and prefinished doors, in short lead times. USA employs approximately 50 people at a single site in Thorofare, New Jersey. USA's net sales for the twelve months ended August 31, 2015 were approximately US $18 million. The purchase price for 100% of the outstanding shares was approximately US $13 million, subject to standard adjustments. "USA's leadership in providing quick ship, value added architectural and commercial wood doors to door and hardware distributors is a natural extension of our North American architectural door business," said Chris Virostek, Masonite's Senior Vice President, Strategy Implementation and Corporate Development. "USA's focus on speed, quality and flexibility complements the strategies we are pursuing with our business." "USA has shared a long and valued history with Masonite. The majority of the doors we hold for distribution are two of Masonite's key brands, Algoma® and Mohawk®," said John Krause, President of USA Wood Door. "Our team is excited to join the Masonite family and looks forward to the opportunities it will present for our employees and customers." This press release is available on the Company's website at www.masonite.com.