That’s a lot of windows

Masco Corporation has acquired five leading home improvement products companies with combined 2002 sales of approximately $200 million.

The companies acquired are Newport Brass (a CA-based manufacturer of plumbing products, plumbing specialties and bath accessories), Bristan (a UK provider of kitchen and bath taps, showers and bath accessories), Cambrian Windows, a UK manufacturer of vinyl window frames, Duraflex (a UK extruder of vinyl window frame components) and Premier Manufacturing (a UK manufacturer of vinyl window frames, door frames and conservatories).

The acquisitions are expected to be modestly accretive to Masco’s earnings in 2002.

The cash and stock consideration for the five companies, which aggregates approximately $220 million, will not materially affect the Company’s debt to capital ratio.

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