|
Headquarters:
21001 Van Born Road
Taylor, MI 48180
Employees: 32,500
CEO: Tim Wadhams
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.
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 90 manufacturing facilities.
In 2010, Masco had revenues of $7.6 billion, down 3%, and net loss of $1.0 billion.
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 Sept. 25, 2011
|