FGS Global represents Owens Corning as it announced a $3.9B deal to acquire Masonite International, a leading supplier of doors for the remodeling and new construction markets.
Founded in 1925, Masonite, which uses Collected Strategies for financial PR, operates 64 manufacturing and distribution facilities, primarily in North America.
Owens Corning views Masonite as “a new growth platform” that strengthens its position in the residential building materials arena and extends its offering of brands.
Howard Heckes, CEO of Masonite, said the deal “brings together two storied companies with a common focus on innovation and making life better at home for the people who use our products every day.”
Owens Corning’s $133 per share offer for Masonite represents a 38 percent premium from its Feb. 8 closing stock price.
FGS Global has Jared Levy, Niel Golightly and Dan Goldstein representing Owens Corning.
Collected Strategies’ Masonite team includes Jude Gorman, Tali Epstein and Jim Golden.