Deal Team

Executive Compensation & Benefits
Intellectual Property

Masonite in its $3.9 billion sale to Owens Corning

On February 9, 2024, Masonite International Corporation (NYSE: DOOR), a leading designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems, and Owens Corning (NYSE: OC), a leader in global building and construction materials, announced that they have entered into a definitive agreement under which Owens Corning will acquire Masonite for $133 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024. The implied transaction value is $3.9 billion.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Masonite.