Building materials giant to buy Tampa-based Masonite in $4B deal

Just weeks after Tampa-based Masonite International saw a $3 billion deal fall through in its pursuit of PGT Innovations of Venice, Masonite itself has agreed to be bought for $3.9 billion.

The news was announced in a Friday news release from Masonite and the company seeking to buy it, Toledo, Ohio-based Owens Corning. 

Owens Corning, a materials company with a market cap of $13 billion, says it reached an agreement with Masonite, a door systems manufacturer, to buy all outstanding shares of Masonite for $133 per share in cash.