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Masonite entered the door business in 1972, when it began producing wood-composite molded door facings and other components. After a number of acquisitions, the company became part of International Paper in 1988. [7] [8] As Masonite’s door division steadily grew, the company formed an alliance with Premdor, a Toronto-based door supplier.
Masonite swells and rots over time when exposed to the elements, and may prematurely deteriorate when it is used as exterior siding. In 1996, International Paper (IP) lost a class action suit brought by homeowners whose Masonite siding had deteriorated. The jury found that IP's Masonite siding was defective. [19]
Louisiana-Pacific announces major restructuring plan including the divesture of timberlands, plywood, pulp, industrial panels, and lumber. Following the initial divestitures, the company focused on core businesses, including OSB, siding; engineered wood products, and plastic building products (vinyl siding, composite decking and mouldings). 2004
Masonite Announces Expected Sales Impact from Customer Line Review TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation (the "Company") today announced that it was recently notified ...
Philip S. Orsino, OC (born June 21, 1954) is a Canadian businessman. He is the former president and chief executive officer of Masonite International Corporation.. Born in Toronto, Ontario, he received a Bachelor of Arts degree in 1976 from the University of Toronto's Victoria College.
In May 1997, Owens Corning acquired Fibreboard Corporation, a vinyl siding and other industrial material manufacturer, [21] which became a wholly owned subsidiary of Owens Corning. [11] The company was ordered to pay $5 million to an asbestos victim in 1997, making it the highest jury verdict in the history of the United States for a single non ...