USA - Platinum Equity announced that it has entered into a definitive agreement to acquire The Cabinetworks Group from American Industrial Partners and other equity holders.

Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States under the nation's leading brands, including: KraftMaid, Merillat and Yorktowne among others.

The company produces both framed and frameless cabinetry, operating out of 14 assembly plants and three component facilities, and serves customers through a multi-channel approach including sales to dealers, home centers and distributors across the United States.

The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.

The news comes a little more than a year after ACProducts (acpi) acquired the Masco Cabinetry division from Masco Corp. for USD 1 billion. The combined group was renamed Cabinetworks in March 2020.