Masonite Inc. Announces Acquisition of Israeli Steel Security and Safety Entry Door Business

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Masonite Inc., a world leader in interior doors and entry door systems, announced its acquisition of the assets of 7 Tech, an Israeli-based steel security and safety door business. Masonite’s Israeli subsidiaries Etz Karmiel Ltd. and Open Gallery Ltd. will add the 7 Tech steel security and safety doors, with their attractive modern and European styling, to the company’s extensive interior and exterior wood door collection, thus creating a single source of supply for Masonite customers in Israel. In addition to its growing Israeli market position, 7 Tech currently exports its products to Europe, and Masonite intends to expand the export opportunities throughout the Middle East and Europe.

“This exciting acquisition provides Masonite with an immediate entry into the Israeli security and safety door market with a state of the art manufacturing line, the latest product designs and technical specifications, and a detailed strategic marketing plan to grow significantly in the domestic as well as export markets,” said Larry Repar, Executive Vice President and Chief Operating Officer of Masonite. “Through Etz Karmiel and Open Gallery, Masonite is already a recognized leader in the Israeli door market and we anticipate that 7 Tech will help us significantly expand our leadership position in the entire region. We are extremely excited to welcome the leadership of 7 Tech into the Masonite family.”

This press release is also available within the “News & Events” section of the Company’s website at www.masonite.com.

About Masonite

Masonite is a leading global manufacturer of residential and commercial doors, committed to providing the highest value door products to our customers in more than 70 countries around the world. Throughout the company's 80 year history, Masonite has maintained its focus on leading-edge innovation, manufacturing excellence and superior customer service. Masonite has committed to delivering product and service innovations that will enhance beauty, functionality and architectural design to its customers around the world. Builders, remodelers, architects and homeowners rely on Masonite products to create homes of distinction while at the same time remaining environmentally responsible.