John Linker | SVP, Corporate Development & IR |
Mark Beck | CEO |
Brooks Mallard | CFO |
Mike Dahl | Barclays |
Nishu Sood | Deutsche Bank |
Bob Wetenhall | RBC Capital Markets |
Susan Maklari | Credit Suisse |
Jason Marcus | JPMorgan |
John Lovallo | Bank of America |
[Call Starts Abruptly] These JEM proof points were achieved with minimal capital investment, so the paybacks and returns are quite attractive.
As JEM continues to be embedded in our culture across all of our plans, we expect the impact of these opportunities to increase.
Now shifting to the pillar of strategic M&A, I'm pleased to introduce you to our most recent bolt-on acquisitions.
First on Page 7 I'll highlight the acquisition of MMI Door which closed on August 25. MMI is an innovator and leader in providing full door systems with customizable options and features that go well beyond the door side itself, things including the frame, sill, molding, glass, finishing options, and hardware.