{{Short description|American manufacturer of home improvement and building products}} {{distinguish|Macso (disambiguation){{!}}Macso}} {{Use American English|date=December 2025}} {{Use mdy dates|date=December 2025}} {{Infobox company | name = Masco Corporation | logo = Masco Co. logo.svg{{!}}class=skin-invert-image | type = Public | traded_as = {{ubl|{{NYSE|MAS}}|S&P 500 component}} | predecessor = | successor = | founder = Alex Manoogian | defunct = | fate = | area_served = | key_people = Richard Manoogian<br>(chairman emeritus)<ref>{{cite press release| url=https://www.marketscreener.com/quote/stock/MASCO-CORPORATION-13461/news/MASCO-Corporation-Announces-Richard-Manoogian-s-Transition-to-Chairman-of-the-Board-of-Directors-f-13203825/| title=MASCO : Corporation Announces Richard Manoogian's Transition to Chairman of the Board of Directors from Executive Chairman | date=June 29, 2009| publisher=Masco| via=Market Screener| access-date=March 8, 2025}}</ref><br>Keith J. Allman<br>(president and CEO) | industry = | products = | services = | revenue = {{decrease}} {{US$|7.83 billion|link=yes}} (2024) | operating_income = {{increase}} {{US$|1.36 billion}} (2024) | net_income = {{decrease}} {{US$|874 million}} (2024) | aum = | assets = {{decrease}} {{US$|5.02 billion}} (2024) | equity = {{decrease}} {{US$|-53 million}} (2024) | owner = | num_employees = 18,000 | num_employees_year = 2024 | parent = | divisions = | subsid = | footnotes = <ref>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/62996/000006299625000004/mas-20241231.htm |title=2024 Annual Report (Form 10-K) |date=February 11, 2025 |website=U.S. Securities and Exchange Commission}}</ref> | intl = | foundation = {{start date and age|1929}} (as Masco Screw Products Company) | location_city = Livonia, Michigan | location_country = U.S. | location = | locations = | website = {{url|masco.com}} }}
[[File:Masco Headquarters Taylor Michigan.JPG|thumb|250px|right|Ford Motor Company Building (Former Masco Headquarters), Taylor, Michigan]] '''Masco Corporation''' is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE.<ref name=timeline>{{cite web| title=Timeline: The Formative Years| url=http://masco.com/about/timeline/#sthash.RB0qesMg.dpuf| website=Masco| accessdate=July 21, 2019| archive-date=March 13, 2015| archive-url=https://web.archive.org/web/20150313132550/http://masco.com/about/timeline/#sthash.RB0qesMg.dpuf| url-status=dead}}</ref> Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the ''Fortune'' 500 list of largest U.S. corporations.<ref name=timeline/>
As of 2007, Masco employed approximately 32,500 employees and has approximately 6,000 shareholders.<ref name=2007corpinfo>{{cite web| website=Masco| year=2007| url=http://www.masco.com/corporate_information/index.html| title=Corporate information| accessdate=October 17, 2008| archive-date=October 14, 2008| archive-url=https://web.archive.org/web/20081014194424/http://www.masco.com/corporate_information/index.html| url-status=dead}}</ref> The company is currently ranked at 373 on the ''Fortune'' 500.<ref name=fortune>{{cite journal| url=https://fortune.com/company/masco/| title=Masco| journal=Fortune| access-date=2024-05-24}}</ref> As of December 31, 2007, Masco had a little over ten billion dollars in assets, and the company's total revenue was $11.77 billion. Total sales for the company in 2009 were 7.8 billion.<ref name=2007corpinfo /><ref name=google>[https://www.google.com/finance/quote/MAS:NYSE Google Finance]. October 27, 2008. Retrieved October 27, 2008</ref> In 2010, the company had worldwide sales of $7.6 billion and approximately 90 manufacturing facilities. As of August 2014, the CEO is Keith J. Allman.<ref>{{cite press release| url=http://masco.com/news/news-stream/mascos-board-of-directors-elects-keith-j-allman-to-succeed-timothy-wadhams/| title=Masco's Board of Directors Elects Keith J. Allman to Succeed Timothy Wadhams as President and CEO| archive-url=https://web.archive.org/web/20180808012347/http://masco.com/news/news-stream/mascos-board-of-directors-elects-keith-j-allman-to-succeed-timothy-wadhams/| archive-date=8 August 2018| date=January 8, 2014| publisher=Masco Corporation}}</ref>
==History==
===Founding and early history=== Initially organized in 1929 as '''Masco Screw Products Company''' by Alex Manoogian in Detroit, Michigan. The company went public on the Detroit Stock Exchange in 1936.
Masco Screw Products Company produced machined automotive parts for the Detroit automotive companies.<ref name=Tatge>{{cite journal| last1=Tatge| first1=Mark| last2=Killian| first2=Erin| date=December 9, 2002| title=A Leaky Affair| journal=Forbes| pages=89–96| url=https://www.forbes.com/forbes/2002/1209/089.html#121f52df3c78}}</ref> The company's first contract came in 1930 with the Hudson Motor Company valued at $7,000.00. In 1935, the company's sales reached $100,000. The following year Masco became a publicly traded company traded on the Detroit Stock Exchange. In 1942, Masco's sales exceeded $1,000,000.<ref name=timeline/>
Masco Screw Products grew into the Masco Corporation, a large corporate holding company for numerous acquisitions. Small, family-run businesses were bought out by Masco Corporation with cash and stock in the parent corporation. Between 1997 and 2002, Richard Manoogian, who succeeded his father as chief executive, acquired 42 companies valued at a total of $10 billion.
===Masco in the 1950s, 1960s and 1970s=== In 1952, Manoogian began redesigning the single-handle washerless faucet.<ref name=timeline /> The faucet he created was one of the first single-handle hot/cold faucets; it is now known as Delta. Delta's television advertisements were a first for any faucet, and made the product a successful seller. Masco went on to capture the mass market as sales moved from plumbing wholesalers to retail stores.<ref name=Tatge /> These steps of production and marketing of the Delta faucet began in 1954, and four years later Delta Faucet's annual sales exceeded a million dollars.<ref name=timeline /> This was the last year that the company would be referred to as Masco Screw Products Company.
Alex Manoogian, founder, acted as president and chief operating officer (COO) from 1929 until 1967. In 1958 his son Richard joined the company. Richard, having spent nine years with the company, succeeded his father one year after the company moved to Taylor, Michigan. Alex died on July 10, 1996, the same year that his son Richard passed on his COO role to Ray Kennedy, allowing him to assume the position of chief executive officer. In response to Kennedy's death, Alan Barry was appointed as Masco's president and COO on April 8, 2003.<ref name=timeline />
In 1961, Masco Screw Products Company changed its name to Masco Corporation. In 1967, the company moved its corporate headquarters to Taylor, Michigan.<ref name=relo/> For the first time, in 1969, Masco was listed on the New York Stock Exchange. In 1975, Masco first appeared on the Fortune 500, and Masco's annual sales exceeded one billion dollars for the first time in 1984. One year later, Masco began manufacturing cabinets.<ref name=timeline />
===Reorganizing in the 1980s and 1990s=== In 1982 Masco's earnings did not grow for the first time in 26 years. The next year however, “In 1983, earnings climbed again for this maker of faucets and diverse product mix of builders’ hardware, because of increased housing starts and a strong do-it-yourself market.”<ref>Campanella, F. W. (1984, January). The Tap's Back On - Housing, Autos Return Masco to Habit of Higher Net [Electronic version]. ''Barron's National Business and Financial Weekly'', 64(5), 44. Retrieved October 17, 2008, from ABI/INFORM Global database. (Document ID: 957493). ''Fortune'' (2008).</ref>
In 1985, Masco purchased the remaining outstanding stock of Flint & Walling, Inc (after purchasing 30% in 1971 and controlling interest in 1978).
In 1986, Masco started a home furnishings division by buying Henredon for $298 million and Drexel Heritage for $356 million. Other companies added to the division were Lexington Home Brands, Hickorycraft, Marge Carson, La Barge and Marbro in 1987, and fabric company Robert Allen/Ametex in 1988. In 1989, Universal Furniture, BenchCraft and Cal-Style were added in a $480 million deal, as well as Sunbury Textiles. The division added Berkline in 1994 and sold Marge Carson and Cal-Style in 1995.<ref name=plummets/>
Masco reorganized its numerous companies; in 1988, the specialty products divisions of Masco Industries and Masco Corporation combined to form TriMas Corporation. Three years after this merger, TriMas was listed on the New York Stock Exchange (NYSE). The remainder of Masco Industries became Masco Tech Inc. and in 1993 was listed on the NYSE. At that point in time three different Masco Companies existed: Masco Corp., Masco Tech., and TriMas Corp.
Two years later, Masco entered the services business. TriMas and Masco Tech merged to form one company offering a wide array of products. Masco announced a 2 for 1 stock split, which was the ninth time the company had split its shares since 1960 and was the 40th year in a row that its dividends were increased. This merger left two companies, Masco Tech. and Masco Corp.{{citation needed|date=January 2012}}
In 1996, Masco sold most of its Home Furnishings Division to investors for $1.1 billion, creating a new company called LifeStyle Furnishings International.<ref name=plummets/>
In 1999, Masco involved itself in the architectural coatings business by purchasing Behr, and the company's annual sales topped five billion dollars for the first time.<ref name=Tatge/>
===1999–2019=== In 1999, Masco Corp acquired Arrow Fastener Co., Inc., a hand tool company expanding its business in the hardware category.
In 2000, Heartland Industrial Partners, a private equity firm, purchased Masco Tech and changed its name to '''Metaldyne'''. Metaldyne is headquartered in Plymouth, Michigan. Masco also divested Flint & Walling, Inc in 2000 to Zoeller Company.
In 2001, Masco Corp., or simply Masco, entered the windows business and had operating profits beyond a billion dollars.<ref name=timeline /> Late in the year, Masco announced it would write down the value of its stake in LifeStyle Furnishings International by $460 million, since its equity share was only 15 percent, with the rest being debt. LifeStyle, the third largest furniture maker in the United States with $2 billion in sales, had sold Universal Furniture to Lacquer Craft.<ref name=plummets>{{cite news| url=http://www.furnituretoday.com/article/17943-LifeStyle_value_plummets.php| title=LifeStyle value plummets| last=McIntosh| first=Jay| work=Furniture Today| date=2001-11-04| accessdate=2011-01-03| archive-url=https://web.archive.org/web/20131221135713/http://www.furnituretoday.com/article/17943-LifeStyle_value_plummets.php|archive-date=21 December 2013| df=mdy-all}}</ref> Then Masco announced Furniture Brands International would buy Drexel Heritage, Henredon and Maitland-Smith for $275 million, with management of Berkline, BenchCraft and Sunbury taking over those companies. LifeStyle continued to own Lexington, Robert Allen/Ametex and the Beacon Hill showrooms.<ref name=breakup>{{cite news| url=http://www.furnituretoday.com/article/17861-LifeStyle_breaking_up.php|title=LifeStyle breaking up| last=McIntosh| first=Jay| work=Furniture Today| date=2001-11-04| accessdate=2011-01-03| df=mdy-all}}</ref>
In 2003, Masco's annual sales topped ten billion dollars and Masco increased its quarterly dividend for the 47th consecutive year. This ranked them in the top ten publicly owned companies achieving increased annual consecutive dividends.<ref name=timeline />
Throughout his time with the company, Richard Manoogian achieved a net worth of approximately $750 million. He was ranked as high as number five on the Forbes 400 list of richest manufacturers.<ref>Newcomb, P., Kahn, A. (1999, October). The Forbes 400: Manufacturers [Electronic version]. ''Forbes''. 164(9), 338-340. Retrieved October 17, 2008, from ABI/INFORM Global database. (Document ID: 45158646).</ref> The Manoogian family is no longer involved in the management of the company.
In 2015, the company announced it would relocate its headquarters from its facility in Taylor, Michigan to Livonia due to downsizing after spinning-off some divisions.<ref name=relo>{{cite news| title=Masco to move headquarters to Livonia| url=https://www.freep.com/story/money/business/michigan/2015/07/30/masco-moves-taylor-livonia/30887121/| first=Frank| last=Witsil| newspaper=Detroit Free Press| date=July 30, 2015| access-date=July 24, 2019}}</ref> Company president Keith Allman opened the new site on July 31, 2017.<ref>{{cite press release| title=Masco Corporation Relocates Global Headquarters to Livonia, Michigan| url=http://masco.com/news/news-stream/masco-corporation-relocates-global-headquarters-to-livonia-michigan/| date=July 31, 2017| publisher=Masco| access-date=July 24, 2019| archive-date=July 24, 2019| archive-url=https://web.archive.org/web/20190724172001/http://masco.com/news/news-stream/masco-corporation-relocates-global-headquarters-to-livonia-michigan/| url-status=dead}}</ref>
In December 2017, Masco acquired Mercury Plastics of Middlefield, Ohio for an undisclosed amount and in January 2018, it acquired Kichler Lighting of Independence, Ohio for $550 million.<ref>{{cite news| last=Suttell| first=Scott| url=https://www.crainscleveland.com/article/20180312/news/154596/sale-kichler-lighting-completed-purchase-price-550-million|title=Sale of Kichler Lighting completed; purchase price is $550 million| newspaper=Crain's Cleveland Business| date=March 12, 2018| access-date=July 17, 2020}}</ref>
Masco sold its cabinetry and windows businesses between 2019 and 2020. The UK Window Group, based in Wales, went to Boxwood Capital Limited in September 2019.<ref>{{Cite web |last=DGB |date=2019-10-31 |title=Masco US Confirms Sales Of UK Window Group |url=https://www.doubleglazingblogger.com/2019/10/masco-us-confirms-sales-of-uk-window-group/ |access-date=2026-04-11 |website=Double Glazing Blogger |language=en-GB}}</ref> Milgard Windows and Doors, a Tacoma, Washington-based window and patio door manufacturer that Masco had owned since 2001, followed in November, purchased by MI Windows and Doors LLC for approximately $725 million.<ref>{{Cite web |title=Masco Corporation Announces Completion of the Sale of Milgard Windows and Doors |url=https://investor.masco.com/news-stream/news-details/2019/Masco-Corporation-Announces-Completion-of-the-Sale-of-Milgard-Windows-and-Doors/default.aspx |access-date=2026-04-11 |website=investor.masco.com |language=en-US}}</ref> The cabinetry division (KraftMaid, Merillat, QualityCabinets and Cardell) was sold to ACProducts, Inc. in February 2020 for $1.0 billion.<ref>{{Cite web |title=Exhibit |url=https://www.sec.gov/Archives/edgar/data/62996/000006299620000010/exhibit991-cabinetrypr.htm |access-date=2026-04-11 |website=www.sec.gov}}</ref><ref>{{cite news |date=February 18, 2020 |title=Masco completes sale of cabinetry unit to ACProducts |url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/masco-completes-sale-of-cabinetry-unit-to-acproducts-57163418 |access-date=April 11, 2026 |work=S&P Global Market Intelligence}}</ref> ACProducts and Masco Cabinetry then merged to form Cabinetworks Group.<ref>{{Cite web |last=Team |first=Digital |date=2020-02-18 |title=acpi® & Masco Cabinetry Merge to Become Cabinetworks Group |url=https://cabinetworksgroup.com/2020/02/18/acpi-masco-cabinetry-merge-to-become-cabinetworks-group/ |access-date=2026-04-11 |website=Cabinetworks Group |language=en-US}}</ref>
=== 2020–present === Masco acquired Steamist Co., Inc., a steam bath manufacturer in East Rutherford, New Jersey, in July 2021. The business was placed under Masco's Delta brand.<ref>{{Cite web |title=RAF Industries’ Steamist has been Acquired by Masco Corporation |url=https://tmcapital.com/transactions/steamist-has-been-acquired-by-masco/ |access-date=2026-04-11 |website=TM Capital. Success. Realized. |language=en-US}}</ref> Two years later, Masco acquired Sauna360 Group Oy, a Finnish sauna manufacturer, for approximately €124 million. The deal brought the Tylö, Helo, Kastor, Finnleo and Amerec brands under Masco's Watkins Wellness subsidiary.<ref>{{Cite web |title=MASCO CORPORATION REPORTS THIRD QUARTER 2023 RESULTS |url=https://www.sec.gov/Archives/edgar/data/62996/000006299623000039/a930238-kex99.htm |access-date=2026-04-11 |website=www.sec.gov}}</ref><ref>{{Cite web |last=Wellness |first=Watkins |date=2023-07-31 |title=WATKINS WELLNESS EXPANDS INTO SAUNA CATEGORY THROUGH THE ACQUISITION OF SAUNA360 |url=https://www.globenewswire.com/news-release/2023/07/31/2715036/0/en/WATKINS-WELLNESS-EXPANDS-INTO-SAUNA-CATEGORY-THROUGH-THE-ACQUISITION-OF-SAUNA360.html |access-date=2026-04-11 |website=GlobeNewswire News Room |language=en-us}}</ref>
Masco sold Kichler Lighting, a decorative lighting and ceiling fan company in Solon, Ohio, to Kingswood Capital Management in September 2024 for approximately $125 million. Masco had paid $550 million for the business in 2018.<ref>{{Cite web |title=Masco Corporation Announces Completion of Kichler Lighting Sale |url=https://investor.masco.com/news-stream/news-details/2024/Masco-Corporation-Announces-Completion-of-Kichler-Lighting-Sale/default.aspx |access-date=2026-04-11 |website=investor.masco.com |language=en-US}}</ref><ref>{{Cite web |date=2024-09-03 |title=Kichler Lighting Sold to Private Equity Firm for $125 million |url=https://inside.lighting/news/24-09/kichler-lighting-sold-private-equity-firm-125-million |access-date=2026-04-11 |website=inside.lighting |language=en}}</ref>Kingswood merged Kichler with its Progress Lighting business.<ref>{{Cite news |title=Kingswood Capital Management Announces Acquisition of Kichler Lighting and Merger with Progress Lighting to Establish a Leading Residential Lighting Platform |url=https://www.businesswire.com/news/home/20240919223914/en/ |archive-url=http://web.archive.org/web/20241123131510/https://www.businesswire.com/news/home/20240919223914/en/ |archive-date=2024-11-23 |access-date=2026-04-11 |language=en}}</ref>
CEO Keith Allman announced his retirement in March 2025 after 27 years at the company. The board appointed Jonathon Nudi, a former General Mills executive who had joined Masco's board in 2023, to succeed him effective July 7, 2025.<ref>{{Cite web |title=Masco Corporation Announces CEO Succession Plan |url=https://investor.masco.com/news-stream/news-details/2025/Masco-Corporation-Announces-CEO-Succession-Plan/default.aspx |access-date=2026-04-11 |website=investor.masco.com |language=en-US}}</ref><ref>{{cite news |date=March 6, 2025 |title=Masco Appoints Jonathon Nudi To Succeed Keith Allman as President and CEO |url=https://www.nasdaq.com/articles/masco-appoints-jonathon-nudi-succeed-keith-allman-president-and-ceo |access-date=April 11, 2026 |work=Nasdaq}}</ref>
==Masco segments and businesses==
===Plumbing products=== * Axor * BrassCraft Manufacturing Company * Brasstech, Inc. ** Newport Brass ** Ginger * Bristan * Delta Faucet Company ** Peerless (economy) ** Delta Faucet (mainstream) ** Brizo (luxury) ** Kraus (sinks) * Hansgrohe SE * Heritage Bathrooms<ref name=Bristan>(a division of Bristan Group Limited)</ref> * Hüppe * Masco Canada Ltd. * Mirolin Industries Corporation * Watkins Manufacturing Company **Hot Spring Spas **Caldera Spas **Endless Pools<ref>{{cite press release |url=http://www.endlesspoolsblog.com/2015/02/hot-tub-leader-watkins-manufacturing.html |title=Hot Tub Leader Watkins Manufacturing Corporation Acquires Aquatic Fitness Innovator Endless Pools, Inc. |access-date=July 21, 2019 |archive-url=https://web.archive.org/web/20150311174858/http://www.endlesspoolsblog.com/2015/02/hot-tub-leader-watkins-manufacturing.html |archive-date=2015-03-11 |url-status=dead |date=February 27, 2015| publisher=Watkins Manufacturing}}</ref>
===Decorative architectural products=== * Behr Paint Company * KILZ * Liberty Hardware * Kichler Lighting
===Other specialty products=== * Duraflex * Milgard Windows & Doors – SOLD to MI Windows and Doors 2019 <ref>{{cite press release |title=MI Windows and Doors completes acquisition of Milgard Windows & Doors |url=https://miwindows.com/news/mi-windows-and-doors-completes-acquisition-milgard-windows-doors |date=November 7, 2019| publisher=MI Windows & Doors| access-date=March 8, 2025}}</ref> * [https://vaportech.com/about/ VaporTech] * American Dryer (1952-1985)<ref>{{Cite web |last=Snavely |first=Brent |date=2011-06-30 |title=American Dryer Company Meets Demand for Environmentally Friendly Products |url=https://www.theledger.com/story/news/2011/07/01/american-dryer-company-meets-demand-for-environmentally-friendly-products/26437104007/ |access-date=2025-06-28 |website=Detroit Free Press |language=en-US |via=Lakeland Ledger}}</ref>
==References== {{reflist}}
===Sources=== *Schoenberger, C. R. (2004, September). Un-Building Masco; [Electronic version]. Forbes, 174(5), 142–144. Retrieved October 17, 2008, from ABI/INFORM Global database. (Document ID: 691965051). *[https://online.wsj.com/public/quotes/main.html?symbol=MAS&type=usstock%20usfund&mod=DNH_S ''The Wall Street Journal'']. October 27, 2008. Retrieved October 27, 2008 *Wotapka, D., Dunham, K. J. (2007, December 19). Masco Suffers Squeeze Once Put on Contractors; Builders Cut Spending, Press for Lower Prices; Surviving the Downturn. ''The Wall Street Journal'' (Eastern Edition), p. B6. Retrieved October 17, 2008, from ABI/INFORM Global database. (Document ID: 1400804081).
==External links== * [http://www.masco.com Masco Corporation] (company website) {{Finance links | name = Masco | symbol = MAS | sec_cik = MAS | yahoo = MAS | google = MAS:NYSE }} {{Masco|state=autocollapse}} {{S&P 500 companies}} {{Authority control}}
Category:Companies listed on the New York Stock Exchange Category:Manufacturing companies based in Michigan Category:Companies based in Wayne County, Michigan Category:Manufacturing companies established in 1929 Category:Private equity portfolio companies Category:1929 establishments in Michigan Category:Plymouth Township, Michigan Category:1960s initial public offerings Category:American brands