Masco Corporation Announces Completion of Kichler Lighting Acquisition

LIVONIA, Mich.--(BUSINESS WIRE)-- Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, announced today the completion of the acquisition of The L.D. Kichler Co. (“Kichler”) for approximately $550 million.

Based in Cleveland, Ohio, Kichler is a leading developer of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels. Kichler had revenues of approximately $450 million in 2017 and employs approximately 700 people worldwide.

About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and Hot Spring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

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Masco Corporation
David Chaika
Vice President, Treasurer and Investor Relations

Source: Masco Corporation