Clearwater International has advised leading door manufacturer Door-Stop International on its £30m sale to Canadian trade buyer Masonite International.
Established in 2008, Door-Stop is the UK’s leading manufacturer and distributor of high quality “ready-to-fit” composite exterior residential doorsets with an expanding nationwide customer base of trade fabricators, installers and specialist retailers. The business employs 200 staff and recorded revenue of £25m in 2013. Door-Stop will remain trading as normal and all staff will continue in their roles at its facility in Huthwaite, North Nottinghamshire.
Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves more than 7,000 customers in 80 countries.
Clearwater have the expertise and the experience to provide an excellent service in all aspects of M & A transactions. In particular, I was happy to have Phil Burns and Rob Britton in my team. They are comfortable guys to work with and bring both knowledge and pragmatism to the table.”