IBP Solutions, Inc entered into an Asset Purchase Agreement to acquire Architectural Business of Masonite International Corporation for $75 million.

IBP Solutions, Inc entered into an Asset Purchase Agreement to acquire Architectural Business of Masonite International Corporation for $75 million on April 23, 2024. The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions. Houlihan Lokey, Inc. (NYSE:HLI) has acted as a financial advisor to Masonite International Corporation.