Jeld-Wen, Masonite Settle Lawsuits
Jeld-Wen and Masonite will each pay $38 million to settle class-action lawsuits that were filed in 2018. Filed by Grubb Lumber Company and Philadelphia Reserve Supply Company along with a class of direct purchasers, the suits state that the manufacturers conspired to fix prices and dominate the market. The court determined that the two manufacturers together controlled 85 per cent of the entire interior moulded door market in the U.S. since 2012, when Jeld-Wen acquired Craftmaster. The suits claim that while the companies competed before the acquisition, afterwards they began implementing prices in tandem with each other. The suits also say that both companies' dominance was achieved primarily through big box retailers, accounting for approximately 41 per cent of their sales from 2010 to 2018.