Premdor Inc in Discussions To Acquire Masonite Corporation

22 August 2000

Premdor Inc. announced that it is in discussions to acquire Masonite Corporation from International Paper Company. Masonite, headquartered in Chicago, is a global leader in engineered wood composite products with customers in 52 countries. Although there is no assurance that a definitive agreement will be reached, the parties are planning to reach such an agreement on or about August. Premdor will continue to focus on manufacturing a broad range of interior and exterior residential doors, including steel and fiberglass entry doors and systems, stile and rail doors, French doors, louver doors, solid wood entry doors, windows and architectural and commercial doors.

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