News, Updates, & Press Releases

Keep up-to-date on the latest happenings in the woodworking industry. Woodworking Network provides news & updates for the professional woodworking and closets & organized storage industries in North America.

 

Architectural Products

Masonite sells architectural business segment

TAMPA, Fla. — Masonite International Corp. announced that it has entered into a definitive agreement for the sale of all assets associated with the company’s Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners.The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions.Houlihan Lokey, Inc. acted as Masonite’s financial advisor on the transaction.