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United States

Profile: Masonite International Corp (DOOR.N)

DOOR.N on New York Stock Exchange

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26 May 2017
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Masonite International Corporation is a designer, manufacturer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. The Company's product lines include residential doors, architectural doors and components. Its segments are organized and managed principally by end market: North American Residential, Europe and Architectural. The North American Residential segment is the aggregation of the Wholesale and Retail segments. The Europe segment is the aggregation of the United Kingdom and Central Eastern Europe segments. The Company markets and sells its products to remodeling contractors, builders, homeowners, retailers, dealers, lumberyards, commercial and general contractors and architects through wholesale and retail distribution channels. The Company manufactures interior doors, including residential molded, flush, stile and rail, louver and specially-ordered commercial and architectural doors; door components for internal use and sale to other door manufacturers, and exterior residential steel, fiberglass and wood doors and entry systems. Its portfolio of brands includes Masonite, Marshfield, Premdor, Mohawk, Megantic, Algoma, Birchwood Best, Lemieux, Door-Stop, Harring Doors, Performance Doorset Solutions and National Hickman.

The Company operated 64 manufacturing and distribution facilities in eight countries in North America, South America, Europe and Asia as of December 31, 2016. The Company is engaged in the production process from initial design, development and production of steel press plates to produce interior molded and exterior fiberglass door facings to the manufacturing of door components, such as door cores, wood veneers and molded facings, to door slab assembly. It also offers pre-machining doors for hardware, hanging doors in frames with glass and hardware and pre-finishing doors with paint or stain.

Residential Doors

The Company sells a range of interior and exterior doors in an array of designs, materials and sizes. Its exterior doors are made of steel or fiberglass. Its residential doors are molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel or fiberglass. Molded panel doors are interior doors used for closets, bedrooms, bathrooms and hallways. As of December 31, 2016, its molded panel product line was subdivided into five product groups: Molded Panel series, which is a combination of classic styling, durable construction, and range of design preferred by its customers; Palazzo series, which consisted of three designs; the four doors within its Anniversary Collection embody themed, period, and architectural style specific designs; the West End Collection, which includes molded panel interior door category, and the Heritage Series, which includes recessed, flat panels and shaker-style profiles. It includes flush interior doors, which range from base residential flush doors consisting of unfinished composite wood, to the wood veneer doors; stile and rail doors, which are used for hallways, room dividers, closets and bathrooms and also used as entry doors; routed MDF doors, which consists of two product lines known as the Bolection and Cyma door; steel doors, which are exterior doors made by assembling two interlocking steel facings (paneled or flat) or attaching two steel facings to a wood or steel frame and injecting the core with polyurethane insulation, and fiberglass doors, which are exterior doors and made by assembling two fiberglass door facings to a wood frame or composite material and injecting the core with polyurethane insulation.

Architectural Doors

Architectural doors are products designed, constructed and tested. It offers a line of architectural interior doors ranging from molded panel doors to designed flush wood doors with inlay designs. Its architectural doors are molded panel, flush, stile and rail, or routed MDF and can be offered with radiation shielding. Its architectural flush doors can also be produced with a laminate veneer facing.

Components

The Company also sells various door components to the building materials industry. Within the residential construction market, it provides interior door facings, agri-fiber and particleboard door cores, door cores, MDF and wood cut-stock components to various manufacturers. Within the architectural building construction market, it is a component supplier of various critical door components and a wood veneer door skin supplier. Additionally, through its architectural door businesses, it is a provider of mineral and particleboard door cores to the North American door market. Its molded door facings are thin sheets of molded hardboard produced by grinding or defibrating wood chips, adding resin and other ingredients, creating a fibrous mat composed of dry wood fibers and pressing the mat between two steel press plates to form a molded sheet, the surface of which may be smooth or may contain a wood grain pattern. Following pressing, molded door facings are trimmed, painted and shipped to door manufacturing plants where they are mounted on frames to produce molded doors. The Company's Door framing materials, commonly referred to as cut stock, are wood or MDF components that constitute the frame, on which interior and exterior door facings are attached. Door cores are pressed fiber mats of refined wood chips or agri-fiber used in the construction of core doors.

The Company competes with JELD-WEN, Plastpro, Therma-Tru, Feather River, Masonite, VT Industries, Graham Wood Doors, Eggers Industries, Premdor, Vicaima and Distinction Doors.

Company Address

Masonite International Corp

201 N Franklin St Ste 300
TAMPA   FL   33602-5105
P: +1813.8772726
F: +1813.7390204

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