Door manufacturer Masonite International Corp. (NYSE: DOOR) completed the $13 million purchase of privately-held USA Wood Door.
USA Wood president John Krause says the deal is logical because the company already distributes Masonite’s Algoma and Mohawk brands. In addition to distributing, Thorofare, New Jersey-based USA Wood also fabricates and resizes wooden doors, generating about $18 million in annual sales.
Masonite has been active in deal making recently. In 2015, the Tampa, Florida-based company bought National Hickman for $82 million and Performance Doorset Solutions for $16 million.
Construction deals have been on the rise as the housing market continues to recover. For example, Advent International-backed Morsco is buying Murray Supply Co.; Quanex (NYSE: NX) has plans to purchase Woodcraft Industries for $248.5 million in cash; and Summit Materials Inc. (NYSE: SUM) is acquiring LeGrand Johnson Construction Co.