Masonite makes second buy in two weeks in UK

In another sign that the housing market is back on track, Masonite International has made its second acquisition in less than two weeks.

Masonite bought National Hickman, a supplier of door kits and other millwork in the United Kingdom.

The purchase price was $82 million, Masonite said in a statement.

Hickman, with 400 employees at two locations in Birmingham, England and Glenrothes, Scotland, had $110 million in sales in the past year.

Masonite (NYSE: DOOR), a Tampa-based designer and manufacturer… …read more