14 Facts About Masco

Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets.

The following year Masco became a publicly traded company traded on the Detroit Stock Exchange.

Masco went on to capture the mass market as sales moved from plumbing wholesalers to retail stores.

In 1975, Masco first appeared on the Fortune 500, and Masco's annual sales exceeded one billion dollars for the first time in 1984.

In 1982 Masco's earnings did not grow for the first time in 26 years.

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In 1986, Masco started a home furnishings division by buying Henredon for $298 million and Drexel Heritage for $356 million.

The remainder of Masco Industries became Masco Tech Inc and in 1993 was listed on the NYSE.

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.

In 1996, Masco sold most of its Home Furnishings Division to investors for $1.

In 1999, Masco involved itself in the architectural coatings business, and the company's annual sales topped five billion dollars for the first time.

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.

Masco was ranked as high as number five on the Forbes 400 list of richest manufacturers.

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.