TAYLOR, Mich., June 23 /PRNewswire-FirstCall/ -- Masco Corporation (NYSE: MAS) today confirmed that in 2004, as a result of its legal and ethical compliance program, it had discovered and stopped certain subsidiaries from participating in anticompetitive business practices in the bathroom faucet and shower enclosure industries in certain countries in Europe. Immediate steps were taken to report the infringement to the appropriate authorities and Masco and its subsidiaries cooperated fully throughout the investigation. As a result of its reporting of the infringement and cooperation throughout the investigation, Masco and its subsidiaries were given complete immunity from the European Commission following the investigation of the anticompetitive practices.
A strict zero tolerance policy is in place throughout Masco for any anticompetitive behavior.
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.
Masco Corporation's press releases and other information are available through the Company's toll free number, 1-888-MAS-NEWS, or under the Investor Relations section of Masco's Web site at www.masco.com .
SOURCE Masco Corporation