National Hickman has been sold to Masonite International Corporation
Lincoln International (“Lincoln”), a leading independent global mid-market investment bank, has acted as the exclusive financial advisor to National Hickman (“Hickman”) in its sale to Masonite International Corporation (“Masonite”) for a total consideration of $82 million.
Lincoln worked closely with the management team and shareholders, providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
Hickman is a building materials specialist serving the new home build sector throughout the entire U.K., employing approximately 400 people at sites located in Wolverhampton, U.K., and in Scotland. Dave Formaston, Managing Director of Hickman, said, “Hickman and Masonite have shared a long history together in the U.K., and Hickman is a natural addition to Masonite’s business. Our team is excited to join the Masonite family and [we] look forward to the opportunities it will present for our employees and customers.”
Masonite is one of the world’s largest manufacturers and merchandisers of commercial and residential doors, with operations in over 70 locations worldwide. Chris Virostek, Masonite’s Senior Vice President of Strategy Implementation and Corporate Development, stated, “Hickman’s leadership in providing doorkit solutions to the homebuilder market in the U.K. is a natural extension of our U.K. business. Hickman’s deployment of automation and product line leadership complements the strategies we are pursuing with our business.”
Meet Our Professionals
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.