Masco Corporation acquired Work Tools International, Inc/The Muralo Company, Inc for approximately $53 million.
February 16, 2021
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Masco Corporation (NYSE:MAS) acquired Work Tools International, Inc/The Muralo Company, Inc on February 17, 2021. Paramax Corporation advised Work Tools International, Inc/The Muralo Company, Inc in the transaction.
Masco Corporation (NYSE:MAS) completed the acquisition of Work Tools International, Inc/The Muralo Company, Inc for approximately $53 million on February 17, 2021. Under the terms, Masco Corporation paid $48 million in cash and $5 million of debt will be paid out in 18 months less any pending or settled indemnity matters. This business is included in the Decorative Architectural Products segment.
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%).
MASCO CORPORATION 
