Owens Corning Acquires Masonite in $3.9 Billion Deal
Purchase expands OC’s position in branded residential products
Owens Corning and Masonite International Corporation, a global provider of interior and exterior doors and door systems, announced Feb. 9 that the companies entered into a definitive agreement, under which Owens Corning will acquire all outstanding shares of Masonite for $133 per share, in cash.
OC said the purchase price represents approximately a 38 percent premium to Masonite’s closing share price on the NYSE, as of Feb. 8, which was approximately a “46 percent premium to Masonite’s 20-day volume-weighted average price.”