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INDUSTRY NEWS

owens corning announces valued products and brands. CASTLE ANNOUNCEMENTS
Founded in 1925, Masonite designs,
acquisition of masonite manufactures, and markets doors and
door systems, with a vertically integrated
manufacturing model serving both repair
and remodel and new construction demand.
Masonite operates 64 manufacturing and
distribution facilities, primarily in North
America, and has over 10,000 employees
globally.
“We are excited by this opportunity to Castle Announces New Business
add a scalable new growth platform for Development Manager
our company,” said Brian Chambers, Board Castle announced that a new Business
Chair and Chief Executive Officer of Owens Development Manager (BDM) has joined
Corning. “Masonite is a market leader the Castle Head Office Team. On Monday
Owens Corning, a leader in global building that complements our existing residential March 4th, Brian Warr began a new chapter
and construction materials, and Masonite interior and exterior product offering and has
International Corporation, a leading global consistently demonstrated top-line growth as the BDM for the
provider of interior and exterior doors and and margin expansion. Newfoundland &
door systems, announced February 9th they “Our world-class team is transforming the Labrador regions.
have entered into a definitive agreement door industry with differentiated solutions As Castle
under which Owens Corning will acquire all for the home,” said Howard Heckes, President BDM, Brian’s
outstanding shares of Masonite for $133.00 and Chief Executive Officer of Masonite. “The responsibilities
per share. combination with Owens Corning enables include the support,
The addition of Masonite’s market- the acceleration of our Doors That Do More™ development and
leading doors business creates a new growth strategy, while delivering immediate and growth of the
platform for Owens Corning, strengthening substantial value to our shareholders. I am existing member
the company’s position in residential building looking forward to Masonite joining the base, while also
materials and extending its offering of highly Owens Corning team.” cultivating new

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Home Store Owner
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