Masco Corporation Announces Sale of The Heating Group

TAYLOR, Mich., April 30  /PRNewswire-FirstCall/ -- Masco Corporation (MAS) announced today that it has sold its European based The Heating Group for a price of approximately $155 million to an affiliate of Vaessen Industries, headed by Jos Vaessen.  The Heating Group, which has been included in discontinued operations in the first quarter of 2008, consists of Vasco, a leading manufacturer of designer radiators, and Brugman International and Superia Radiatoren, leading manufacturers of steel panel radiators.  Combined 2007 net sales of The Heating Group were approximately $177 million.

"We believe this transaction will be beneficial to all involved.  It will enable Masco to concentrate on businesses that are core to our growth strategies and should provide The Heating Group with additional growth opportunities," said Tim Wadhams, Masco President and Chief Executive Officer.

Jos Vaessen, President of Vaessen Industries, commented: "Product innovation, energy efficient products and a full line of new radiator products, including aluminum, tubular, electrical, and convector radiators, will be our highest priority.  We intend to create a strong European group for radiators and related products with a particular focus on the tremendous growth opportunities in Eastern Europe."

Headquartered in Taylor, Michigan, Masco Corporation is one of the world's leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products.  For more information, visit http://www.masco.com/.

Headquartered in Dilsen-Stokkem, Belgium, The Heating Group is one of Europe's leading manufacturers of designer and panel radiators.

Statements contained herein that reflect the Company's views about its future performance constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995.  These views involve risks and uncertainties that are difficult to predict and, accordingly, the Company's results may differ materially from the results discussed in such forward- looking statements.  For an explanation of various factors that may affect our performance, refer to our most recent Annual Report on Form 10-K (particularly the "Risk Factors" section) and to any subsequent Quarterly Reports on Form 10-Q, all of which are on file with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.  The Company believes that certain non-GAAP performance measures and ratios that may be contained herein, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods.  Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States.  Additional information about the Company is contained in the Company's filings with the Securities and Exchange Commission and is available on Masco's website at http://www.masco.com/ 

DATASOURCE: Masco Corporation



CONTACT:  Media Contact, Sharon Rothwell, Vice President - Corporate

Affairs, [phone], , or Investor Contact,

Maria Duey, Vice President - Investor Relations, [phone],

, both of Masco Corporation



Web site:  http://www.masco.com/ 



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