Livonia’s Masco Corp. says it is exploring “strategic alternatives” for its Ann Arbor-based cabinetry and window businesses.
“Over the past five years, we have been executing our strategy to drive the full potential of our core businesses, leverage opportunities across our organization, and actively manage our portfolio to drive shareholder value,” says Keith Allman, president and CEO of Masco.
“Our cabinetry and window businesses are leaders in their respective markets and are well positioned to continue their growth. However, we believe we can potentially drive greater shareholder value by exploring strategic alternatives for these businesses. We expect to complete this review by the end of June.”
Masco’s cabinetry, window, and specialty products units reported sales of $1.7 billion in 2018, turning $120 million in operating profit.
Masco Cabinetry manufactures and sells semi-custom, stock, and value-priced assembled cabinetry for kitchen, bath, storage, home office, and home entertainment applications. Its products are sold primarily to dealers and homebuilders for both home improvement and new home construction.