N@N

Masonite Completes Third Strategic Transaction in India

^{Published on 2010-08-10 13:50:38 - Market Wire}
 

MISSISSAUGA, Ontario--([ BUSINESS WIRE ])--Masonite Inc. (the aCompanya) (OTCBB: MASWF) today announced the strategic acquisition of selected assets of a third leading door manufacturer in India - Standard Doors, located at Medchal, Hyderabad in the Andhra Pradesh province. Standard Doors is one of the newest, fully integrated and largest modern dedicated door manufacturing plants in India. This third strategic transaction allows the Company to expand its direct presence in the rapidly growing India marketplace, thus increasing the strength of the Masonite brand on a nationwide scale while enhancing our distribution network for molded door facings.

"The addition of Standard Doors, together with the combination of the Feroke and Mahsim businesses and our well established independent door facing customers, will allow builders, contractors, and homeowners greater access to the wide assortment of Masonite branded and marketed products through our newly established national footprint."

In July of this year, Masonite announced the acquisition of two other leading door manufacturers in India - Feroke Boards Limited, located at Aluva near Cochin, Kerala State and Mahsim High Tech Fab Limited, located at Chanalon Industrial Area near Mohali, Punjab State.

Larry Repar, Executive Vice President and Chief Operating Officer of Masonite, stated, aThe addition of Standard Doors, together with the combination of the Feroke and Mahsim businesses and our well established independent door facing customers, will allow builders, contractors, and homeowners greater access to the wide assortment of Masonite branded and marketed products through our newly established national footprint.a

Rahul Sharma, Director of Asia Pacific for Masonite, based in New Delhi, India stated, aWe are very excited about adding a third location to facilitate the expansion of our business and further our commitment to the Indian market. The growing demand for Masonite branded products in India will be better served by our new and expanded business strategy.a

This press release is available on the Company's website at [ www.masonite.com ].

About Masonite

Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to our customers in more than 85 countries around the world.

Forward-looking Statements

This press release and other related written reports and oral statements made by the Company may include forward-looking statements, all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as amay,a awill,a aintend,a ashould,a aexpect,a abelieve,a aoutlook,a apredict,a aobjective,a aremain,a aanticipate,a aestimate,a apotential,a acontinue,a aplan,a acould,a amight,a aproject,a atargeting,a and other words of similar meaning, or by the fact that they do not relate strictly to historical or current facts. Readers must carefully consider any such statements and should understand that many factors could cause actual results and developments to differ materially from the Company's forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other known and unknown risks and uncertainties, including: general economic, market and business conditions; levels of construction and renovation activity; competition; financing risks; ability to manage expanding operations and effectively integrate acquired businesses; commitments; new services; retention of key management personnel; environmental and other government regulation; and other factors.

No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, we caution readers not to place undue reliance on our forward-looking statements. The Company disclaims any responsibility to update these forward-looking statements, whether as a result of new information, future events or otherwise.