On 3 August, US-American Masonite International completed the sale of its French subsidiary Premdor to a fund managed by the investment company Perceva. Perceva, which was advised during the transaction by the Paris office of the law firm of Clifford Chance, had submitted a binding offer for Premdor S.A.S. in mid-June and in turn was granted exclusivity by Masonite for the subsequent negotiations. With closing now completed, Masonite has now also withdrawn from the French market as part of the on-going restructuring of its European business which has been in progress since 2010.
Masonite completes sale of Premdor
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