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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]
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]
Thanks to its connection to one of the most important journeys in American history, exploration maps have been known to fetch thousands at auction, like this one that sold for over $6,000 in 2012 ...
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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.
Masco sold INRECON to Haniel in 2001 and it became part of BELFOR. [2] [3] At the time, the company had annual sales of $180 million and employed 1,000 staff. [4] As of February 2019, Belfor Holdings Inc. was in discussions regarding a potential sale to the American Securities equity firm. These were concluded successfully in April 2019. [5]
The mansion was built in 1928 at the cost of $300,000 ($5.32 million in 2024).The original owner lost the home during the Great Depression and it sat vacant until Alex Manoogian, founder of the Masco company, purchased the home at an auction in 1939 for a mere $25,000 ($0.55 million in 2024).
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