MasterBrand completes all-stock merger with American Woodmark

MasterBrand completed its all-stock merger with American Woodmark, combining two major residential cabinet manufacturers in North America. The deal created a broader portfolio spanning stock, semi-custom, and premium cabinetry for kitchens, baths, and other home spaces. American Woodmark shareholders received 5.150 shares of MasterBrand common stock for each American Woodmark share, and American Woodmark became a wholly owned subsidiary. Pre-merger MasterBrand shareholders hold about 63% of the combined company’s outstanding shares. The combined company continues under the MasterBrand name and trades on the NYSE as MBC, while American Woodmark’s Nasdaq listing is delisted. MasterBrand will maintain a presence in Winchester, Virginia. The merger expands operational footprint and geographic reach, targets about $90 million in annual run-rate cost synergies by year three, and is expected to be accretive.

"MasterBrand said the combination will expand its operational footprint and geographic reach, with a goal of providing greater overall choice, superior service, and enhanced value across the value chain. The company is targeting roughly $90 million in annual run-rate cost synergies by the end of year three and expects the deal to be accretive t"

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