Masco announces the sale of its kitchen cabinetry division for USD 1 billion

USA – Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Masco Cabinetry to ACProducts, Inc. (acpi), a manufacturer of cabinetry products owned by American Industrial Partners, for USD 1.0 billion, consisting of USD 850 million in cash at closing and preferred stock issued by a holding company of the buyer with a liquidation preference of USD150 million.

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