logo
  Join        Login             Stock Quote

Masonite International Files For IPO Of Up To $150M

 February 28, 2013 01:01 PM
 


(By Balachander) Masonite International Corp., a maker of residential doors, has filed to raise up to $150 million in an initial public offering (IPO) of common stock.

The filing with the U.S. federal regulators did not disclose how many shares the company plans to offer or the pricing terms.

Masonite, which was acquired by an affiliate of Kohlberg Kravis Roberts & Co. L.P. in March 2005, filed for Chapter 11 bankruptcy protection in 2009.

Masonite makes interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets.

For the 12 months ended December 2012, Masonite posted a net loss of $23 million on sales of $1.7 billion.

The company said its two largest customers, Home Depot (NYSE: HD) and Lowe's (NYSE: LOW), accounted for roughly 16 percent and 10 percent of its total gross sales in 2012.

[Related -The Home Depot, Inc. (NYSE:HD): More Room For Improvement]

Shareholders include: Oaktree Capital Management, Mount Kellett Capital Management and Centerbridge Partners.

Masonite intends to list on the New York Stock Exchange under the symbol "DOOR."

Deutsche Bank Securities, Barclays and BofA Merrill Lynch are serving as joint book-running managers of the offering.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.