Masco Corporation Announces Signing of Definitive Agreement to Sell Milgard Windows
Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately $725 million. The agreement contains customary representations, warranties and covenants. The closing of the sale is expected to occur during the fourth quarter of 2019, subject to customary closing conditions and regulatory review.
Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.
David Chaika – Vice President Treasurer & Investor Relations – firstname.lastname@example.org – (313) 792-5500
Source: Masco Corporation