Masco Corporation Announces Sale of The Heating Group

Masco Corporation (MAS) has announced 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 manufacturer of designer radiators, and Brugman International and Superia Radiatoren, 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.