Headquartered in Taylor, Michigan, Masco
Corporation is one of the world's leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products.
As separate companies, both Masco
and the Services Business will have greater flexibility to focus on and pursue their respective growth strategies," Allman said.
A strict zero tolerance policy is in place throughout Masco
for any anticompetitive behavior.
The MASTAR Awards recognize leadership, communication, commitment and cooperation of Masco
Last week, Masco
announced the purchases of three home-oriented companies: a vinyl window maker, a showerhead producer and d-Scan, a flat-pack manufacturer of office and entertainment furniture.
The Environments For Living program is an initiative sponsored by MCS, a group of companies that are subsidiaries of Masco
Corporation (NYSE: MAS).
Allman continued, "Over the past several years, Masco
has strengthened the Services Business by reducing fixed costs and implementing lean processes to achieve supply chain savings.
Last year, Masco
acquired Tvilum-Scanbirk, an RTA furniture company in Denmark.
At that time, the company said it had decided that the home businesses did not measure up to the company's goals for profitability Masco
also owns companies in the building products and home improvement businesses, which it says have proved more profitable than home
The rating and outlook for Masco
is based on the company's leading market position with strong brand recognition in its various business segments, the attractive characteristics of the residential home improvement market, the breadth of its product offerings, and solid free cash flow generation.
for an additional 90 days to study the acquisition - on top of a 90-day period that had already been granted.
The rating and Outlook incorporates the expectation that Masco
will be able to maintain, or improve, its credit profile.