Masonite International Corp. announced it has entered into a definitive agreement to sell all assets associated with the company’s architectural segment to subsidiaries of IBP Solutions Inc., a newly formed portfolio company of Industrial Opportunity Partners.

The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions. Houlihan Lokey Inc. acted as Masonite’s financial advisor on the transaction.

In February, Masonite announced a deal through which it will be acquired by Owens Corning, a roofing, insulation and composites manufacturer.

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