On August 27, 2020, Masco Corporation (the "Company") notified Bank of New York
Mellon Trust Company, N. A. (as successor-in-interest to Bank One Trust Company,
National Association), as Trustee for the Company's 3.500% Notes Due 2021 (the
"Notes"), that the Company had elected to redeem all of the Notes. The Company
requested that the Trustee give notice of redemption in the Company's name to
holders of the Notes pursuant to the Indenture dated as of February 12, 2001, as
amended and supplemented by the Supplemental Indenture dated as of November 30,
2006. The Company expects to redeem the Notes on September 29, 2020 at the
redemption price determined pursuant to the terms of the Notes, plus accrued
interest to the redemption date.
Masco Corporation is one of the world's leading manufacturers of home improvement products. Net sales break down by family of products as follows:
- plumbing equipment (60.8%): plumbing, sink, bath and shower systems (Delta, Brizo, Peerless, Hansgrohe, Axor, Kraus, Easy Drain, Ginger, Newport Brass, Brasstech, Waltec, Bristan ans Heritage brand names), acrylic bathtubs, shower enclosures and shower trays (Delta, Peerless and Mirolin), spa and exercise pool systems (Hot Spring, Caldera, Freeflow Spas, Endless Pool, Tylo and Finnleo) and brass/copper and composite plumbing components (Brasscraft, Plumbshop and Master Plumber);
- architectural decoration products (39.2%): architectural coatings products (paints, primers, special paints, stains and waterproof coatings sold under the Behr, Kilz, Whizz and Elder & Jenks brands), furniture for door and window, do-it-yourself furniture and equipment, glass shower doors, wall plates, hooks and suspension accessories, etc. (Liberty, Brainerd and Franklin Brass).
At the end of 2023, the group had 42 production sites located primarily in North America (30).
Net sales are distributed geographically as follows: North America (80.1%) and Europe (19.9%).