Masonite International, a developer of doors for homes and commercial buildings, has filed for an IPO that could raise as much as $150 million.
The company plans to list on the New York Stock Exchange under the ticker “DOOR,” and lead underwriters include Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS) and Bank of America Merrill Lynch (NYSE:BAC).
Masonite, which got its start back in 1925, has always focused on the higher end. The company currently has products like interior molded residential doors, interior stile and rail residential doors and exterior fiberglass residential doors. Besides its namesake Masonite products, it also features other brands including Marshfield, Premdor, Mohawk, Megantic, Algoma, Baillargeon and Birchwood Best. Read