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PREMDOR INC. ACQUIRES EVERGREEN DOOR

 TORONTO, Sept. 16 /PRNewswire/ -- Premdor Inc. (NYSE: PI) today announced that it has entered into an agreement to acquire the assets comprising Evergreen Door Inc's steel and fiberglass door manufacturing business located in Mississauga, Ontario for a total purchase price of approximately $7,000,000. The transaction is scheduled to be completed on Sept. 22, 1993.
 With annualized sales of approximately $16,000,000, Evergreen Door has been in the steel and fiberglass door manufacturing business since 1985.
 The acquisition will provide Premdor's Canadian operations with its own source of supply of steel residential doors and entry systems. It will also give Castlegate Inc, Premdor's U.S.-based steel door subsidiary, an additional product line to complement Castlegate's existing steel door line.
 Philip Orsino, Premdor president and chief executive officer, said this strategic move expands the company's market position in steel residential doors and entry systems in North America. He added that the production capacity of Evergreen can be increased to meet future demands as the market for building products grows.
 Represented in over 20 countries worldwide, Premdor Inc. is among the largest manufacturers and distributors of wood doors, steel doors and mouldings for residential construction, home repair and renovation and commercial use in the world.
 -0- 9/16/93
 /CONTACT: Harley Ulster, vice president, administration of Premdor, 416-250-8933/
 (PDI. PI)


CO: Premdor Inc. ST: Ontario IN: CST SU: TNM

PS -- NY041 -- 2651 09/16/93 11:39 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
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