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. 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. 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. 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. 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. 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. Company president Keith Allman opened the new site on July 31, 2017. 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. 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. 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. The cabinetry division (KraftMaid, Merillat, QualityCabinets and Cardell) was sold to ACProducts, Inc. in February 2020 for $1.0 billion. ACProducts and Masco Cabinetry then merged to form Cabinetworks Group.
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. 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. 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.Kingswood merged Kichler with its Progress Lighting business. 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. ==Masco segments and businesses==