Acquisition of Masonite by KKR completed today
06 April 2005 - 11:04PM
PR Newswire (US)
Acquisition of Masonite by KKR completed today TORONTO, April 6
/PRNewswire-FirstCall/ -- Masonite International Corporation (TSX
and NYSE: MHM) announced today that the plan of arrangement
providing for the acquisition of Masonite by Stile Acquisition
Corp., an affiliate of Kohlberg Kravis Roberts & Co. L.P.
(KKR), was completed today. Shareholders should refer to Masonite's
management information circular dated March 4, 2005 for information
regarding receipt of the payment of C$42.25 per share for their
Masonite shares. Masonite is a unique, integrated, global building
products company with its corporate headquarters in Mississauga,
Ontario and its international administrative offices in Tampa,
Florida. It operates over 75 facilities in 18 countries in North
America, South America, Europe, Asia and Africa and has
approximately 14,000 employees. The company sells its products to
customers in over 70 countries. For more information, visit
http://www.masonite.com/. KKR is one of the world's oldest and most
experienced private equity firms, with offices in New York, Menlo
Park, California and London, England. Over the past twenty eight
years, KKR has invested in more than 115 transactions with a total
value of US$138 billion. For more information, visit
http://www.kkr.com/. DATASOURCE: Masonite International Corporation
CONTACT: John F. Ambruz, Executive Vice-President, Strategic
Development, Masonite International Corporation, Telephone: (905)
670-6500
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