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Masonite buys $40M Wisc. firm


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  • | 3:34 p.m. November 3, 2011
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  • Tampa Bay-Lakeland
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TAMPA -- Masonite Corp. acquired Birchwood Best, a Wisconsin-based plywood and door accessory producer with $40 million in 2010 revenues. Financial terms of the deal were not disclosed.

Birchwood has 240 employees. Cody Wickersheim, the company's vice president, will join Masonite to help integrate Birchwood's operations into its new parent's system.

In July, Masonite acquired Marshfield Door Systems Inc., another Wisconsin-based door manufacturer. That company had $100 million in 2010 revenues and 600 employees.

Tampa-based Masonite Corp. employs more than 11,000 workers today. In 2009, the company emerged from bankruptcy after having been taken private by Kohlberg Kravis Roberts for $2.7 billion in 2005. A year before filing for Chapter 11 protection, the company generated $1.82 billion in revenues.

 

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