Masco

Go To Fortune 500 Job Source Michigan Job Source Add Your Resume

Headquarters: 21001 Van Born Road Taylor, MI 48180 Employees: 30,000 CEO: Keith Allman Stock Symbol: MAS Website: http://www.masco.com Career Site Masco is one of the largest manufacturers in North America of brand-name consumer products designed for the home improvement and new construction markets. Well-known brands include Delta Faucets, HotSpring hot tubs, Arrow Fasteners, KraftMaid Cabinetry. Masco is a leading provider of services that include the sale and installation of insulation and other building products such as cabinetry, fireplaces, gutters, bath accessories, garage doors, shelving and windows. Company products include faucets, kitchen and bath cabinets, architectural coatings (paints and stains), bath and shower units, spas and hot tubs, showering and plumbing specialties, windows, electronic locksets and other hardware. From Shanghai to Mexico City, to the tallest man-made structure ever built, the Burj Khalifa in Dubai, and throughout the Americas, the company's products are found around the globe. In hotels, residential homes, public buildings, skyscrapers and commercial buildings of every size, Masco’s products are trusted to deliver innovation, quality design and reliable performance. Masco's operations consist of five business segments, based on similarities in products and services: - Cabinets and Related Products - Plumbing Products - Installation and Other Services - Decorative Architectural Products - Other Specialty Products - Windows and frames, electronic locks, staple guns The company has nearly 60 manufacturing facilities in the U.S. and 20 in other parts of the world. In 2013, Masco reported revenues of $8.2 billion, up 9%, and net income of $272 million. Keith Allman succeeded Timothy Wadhams as CEO in February 2014. History 1924 - Alex Manoogian migrates to Detroit where he takes a job in a screw machine shop. 1929 - Alex Manoogian organizes Masco Screw Products Company in Detroit, Michigan, machining parts for the automotive industry. 1930 - Masco's first contract from the auto industry comes from the Hudson Motor Car Company and totals $7,000. 1935 - Annual sales exceed $100,000 for the first time. 1936 - Masco becomes a public company and is listed on the Detroit Stock Exchange. 1954 - Masco begins production and marketing of the Delta single-handle faucet. 1958 - Delta Faucet annual sales exceed $1 million. Richard Manoogian joins the company, son of founder Alex. 1961 - Masco Screw Products Company changes its name to Masco Corporation. 1984 - Masco Industries is created as a separate operating unit. Sales of the combined companies exceed $1 billion. 1985 - Masco enters the cabinet manufacturing business. 1988 - TriMas Corporation is created from a group of Masco Industries and Masco Corporation specialty products companies. 1991 - TriMas Corporation is listed on the New York Stock Exchange. 1993 - Masco Industries becomes MascoTech, Inc. and is listed on the New York Stock Exchange. 1995 - Masco enters the services business. 1998 - TriMas Corporation merges with MascoTech to form one company offering a wide array of diversified products. 1999 - Masco enters the architectural coatings business. Annual sales exceed $5 billion. 2001 - Masco enters the windows business. Masco's operating profit exceeds $1 billion. Updated February 10, 2014