USA – MasterBrand, the nation’s largest kitchen cabinet manufacturer, has announced its acquisition of Supreme Cabinetry Brands, Inc. for USD 520 million.
This move marks a significant expansion for MasterBrand, enhancing its presence in the premium kitchen and bath cabinetry market. The acquisition is expected to be finalized in the third quarter of 2024, subject to customary closing conditions.
The strategic rationale behind the acquisition is to strengthen MasterBrand’s distribution networks and improve overall customer experiences. By integrating Supreme’s offerings into its portfolio, MasterBrand aims to reach a broader consumer base and enhance its product range in resilient and attractive categories within the cabinetry sector.
One of the key drivers of this acquisition is the anticipated cost synergies of USD 28 million annually, projected to be realized within three years post-closing. These synergies are expected to come from various operational optimizations, including procurement, facility management, and overhead expenses.
MasterBrand’s reputation for operational excellence and industry-leading distribution network positions it well to maximize the value of Supreme’s portfolio. The company intends to leverage its resources to enhance Supreme’s customer service, category expertise, and overall value proposition to consumers.
Both companies share a commitment to delivering high-quality products and exceptional customer service, making this acquisition a strategic fit for MasterBrand. Through this acquisition, MasterBrand aims to unlock significant value creation opportunities and deliver superior experiences for both its customers and consumers alike.
Supreme Cabinetry Brands, Inc. is one of the largest residential cabinet manufacturers in the U.S. with an attractive portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing plants located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, manufactures residential cabinetry for a nationwide network of dealers.
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