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Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. [3]
In 2004 Merillat and Duncanville, Texas based QualityCabinets joined to form the Masco Builder Cabinet Group. In late 2007 Merillat Industries dissolved and began going by this new moniker. On September 22, 2008, Masco announced that it plans to close the Adrian plant in early 2009, stating the following as its reason of closure:
The firm went through numerous ownership changes in the following years. In 1981, Norris was purchased in a leveraged buyout for $420 million by Kohlberg Kravis Roberts and renamed NI Industries. [3] In 1985, NI Industries was purchased by Masco Corporation for $460 million. [3] In 1988, Masco sold its Pfister subsidiary to Emhart Corporation.
Their son Richard A. Manoogian (b. 1936) was CEO of the family business Masco and is a major collector of American art. He was said to have spoken 5 languages. He was said to have spoken 5 languages. Marie Manoogian died in 1993, and Alex in 1996.
Late in 2001, Masco announced Furniture Brands International would buy Henredon, Drexel Heritage and Maitland-Smith for $275 million, in a deal expected to return Furniture Brands to the number one U.S. furniture manufacturer, a title lost to La-Z-Boy when that company bought LADD in 2000. [13]
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