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Springfield’s Maiman Co. acquired in Masonite International deal

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Tampa, Florida-based Masonite International Corp. (NYSE: DOOR) acquired the operating assets of AADG Inc.’s wood door division.

AADG is part of Assa Abloy, which includes the brands The Maiman Co., based in Springfield, and Graham Manufacturing Corp., based in Mason City, Iowa, according to a news release.

Maiman manufactures architectural stile and rail wood doors, thermal-fused flush wood doors and wood door frames. The Springfield company is a past recipient of the Manufacturer of the Year Award, presented by the Springfield Area Chamber of Commerce in 2001.

Graham provides the nonresidential construction industry with architectural premium and custom grade flush wood doors, according to the release.

The two divisions employ approximately 275 people at three manufacturing facilities in Mason City and Springfield, according to the release. Joanne Frieberger, Masonite vice president and treasurer, said no workforce reductions are expected as a result of the acquisition.

Net sales for the two divisions during 2017 were approximately $70 million, according to the release.

“We believe this acquisition fits well with Masonite’s existing architectural business. Graham and Maiman will provide Masonite with an expanded footprint to better serve our customers,” said Graham Thayer, a senior vice president at Masonite, in the release.

The acquisition marks Masonite’s ninth in the last four years.

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