When one door closes, another one opens. And good thing, otherwise CraftMaster Manufacturing would be out of work. The company makes doors and related products in various colors, finishes, and styles for the residential, commercial, and industrial markets. Its interior doors are marketed under the CraftMaster name. It also makes treated exterior composite trim under the MiraTEC brand. Treated exterior panels are sold under the Extira name. The company maintains manufacturing facilities in Pennsylvania, Virginia, Alabama, Illinois, and Texas. CraftMaster products are sold around the world through retailers, distributors, and dealers. Founded in 1968, CraftMaster is owned by window-and-door-maker JELD-WEN Inc.
The sale of the company to JELD-WEN, North America's largest manufacturer of windows and doors, closed in October 2012. The purchase gave JELD-WEN access to CraftMaster's proprietary wood composite technology and expand its exterior products line.
News of the pending sale follows declining new home construction in the US during the economic recession that impacted CraftMaster Manufacturing. Demand for its products was down and the company cut costs and adjusted production. The company also began looking overseas in order to diversify its business and position itself for recovery in the US housing market.
CraftMaster expanded its manufacturing network beyond the US into China through a joint venture partnership with Yawei and TaFu, manufacturers of particleboard and door facings. The company also holds equity stakes in Jilin Fudun Timber Company Ltd., a timber and wood products company in China. Craftmaster's investment in Jiln Fudun was aimed at helping the company push its molded interior door business into several international markets -- namely Asia, India, and the Middle East.
In 2010 CraftMaster expanded its manufacturing network back at home in the US with the acquisition of Illinois Flush Door Company. The interior door manufacturer helped CraftMaster expand its penetration into the Midwest.