Masco puts question mark over Duraflex and Phoenix
5th March 2019

The future of Duraflex, Phoenix Doors and other UK Masco stablemates has been thrown into question following an announcement by the US parent group that it will ‘explore strategic alternatives for its Cabinetry and Window businesses’.

President and CEO Keith Allman said in a statement this week the UK divisions are all field leaders and well positioned for future growth but he added: “However, we believe we can potentially drive greater shareholder value by exploring strategic alternatives for these businesses.”

The review, which also includes Masco’s Milgard Windows & Doors division based in Tacoma, Washington, is to be completed by June.

The two divisions make up the Windows and Other Specialty Products segment with 2018 net sales of $755 million, operating profit of $34 million and adjusted EBITDA of $62 million (excluding $5 million of rationalization charges).

Masco UK Window Group lists its divisions as Duraflex, fabricators Griffin Windows and Premier Trade Frames, glass manufacturer Techniglass, composite door division Phoenix Doors and ‘timber alternative’ manufacturer Evolution and a nationwide depot network, Seven Day Windows.