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Stock impact report

MasterBrand Completes Acquisition of Supreme Cabinetry Brands

MasterBrand, Inc. (MBC) 
Company Research Source: Business Wire
Enhances MasterBrand’s portfolio of premium cabinetry and unlocks meaningful value for shareholders and customers BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), through its subsidiary MasterBrand Cabinets LLC, today announced that it has completed its acquisition of Supreme Cabinetry Brands, Inc. (“Supreme”), a highly regarded cabinetry company, from GHK Capital Partners LP (“GHK”) for $520 million in cash.“Today is an important day as Supreme joins MasterBrand,” said Dave Banyard, President and Chief Executive Officer of MasterBrand. “The completion of this acquisition marks a major milestone, positioning MasterBrand to offer an unmatched breadth of offerings and enhanced service to even more customers and consumers. As one team, we will build on our shared legacy of innovative product leadership, superior customer service and continuous improvement to drive significant value for all our stakeholders. We warmly welcome the talente Show less Read more
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