Press Releases

03.17.10Masonite Completes Acquisition of LEDCO

TAMPA, FL, March 17, 2010 – Masonite Inc. (the "Company") today announced the acquisition of substantially all of the assets of Ledco, Inc. (“LEDCO”), located in Shelbyville, KY. LEDCO is a premier interior flush door manufacturer specializing in molded, veneer, mirror, pine, and bifold doors. LEDCO (previously known as Lake Erie Door Company) was founded in 1964 in Akron, Ohio, by the Solomon family and has been manufacturing and selling high quality door products since its inception. With a strong wholesale customer base located east of the Rockies, LEDCO has developed one of the finest reputations in the industry for providing high quality doors, customer focused service and unique products. The financial details of the acquisition have not been disclosed.

"LEDCO is a well run and highly respected door manufacturer. Their specialized business model is a natural fit for Masonite and our respective customers will definitely benefit from the combined strengths of both companies. Specifically, LEDCO's bifold and mirror door capabilities, along with their unique Classic Curves product line, will complement Masonite's product line," stated Larry Repar, Masonite’s Executive Vice President and Chief Operating Officer.

LEDCO's President, Steve Solomon, will remain with Masonite in a senior advisory role. Joseph Solomon will remain with Masonite having the overall responsibility of the Shelbyville facility. LEDCO’s Vice President of Sales and Marketing, Drew Scott, will also remain with the Company and assume a senior sales role with Masonite’s Wholesale Team. The combined experience of these three leaders along with all of their colleagues in the plant and in the field, will add significant additional resources to Masonite as the Company continues delivering on its strategic growth initiatives.

Masonite's President and Chief Executive Officer, Fred Lynch, stated, "We welcome all of our new colleagues from LEDCO and look forward to growing our business together. The LEDCO team and product offering is highly complementary to Masonite and the combination of the two companies will certainly lead to significant opportunities for our customers, employees, and suppliers."

Mr. Lynch continued, "We view this acquisition as an important first step as we seek to employ our strong capital structure to accelerate profitable growth by targeting incremental capital expenditures, add-on acquisitions and strategic acquisitions. We believe Masonite is well positioned to continue to be a leader in the building products industry."

This press release is available on the Company's website at www.masonite.com.

About Masonite

Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value door products to our customers in more than 85 countries around the world.

Forward-looking Statements

This press release and other related written reports and oral statements made by the Company may include forward-looking statements, all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as "may," "will," "intend," "should," "expect," "believe," "outlook," "predict," "objective," "remain," "anticipate," "estimate," "potential," "continue," "plan," "could," "might," "project," "targeting," and other words of similar meaning, or by the fact that they do not relate strictly to historical or current facts. Readers must carefully consider any such statements and should understand that many factors could cause actual results and developments to differ materially from the Company's forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other known and unknown risks and uncertainties, including: general economic, market and business conditions; levels of construction and renovation activity; competition; financing risks; ability to manage expanding operations and effectively integrate acquired businesses; commitments; new services; retention of key management personnel; environmental and other government regulation; and other factors.

No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, we caution readers not to place undue reliance on our forward-looking statements. The Company disclaims any responsibility to update these forward-looking statements, whether as a result of new information, future events or otherwise.