MasterBrand Buying Woodmark, Creating $3.6 Billion Cabinet Giant
Two of the biggest players in the kitchen, bath and home cabinetry sector are coming together in a deal valued at $2.4 billion. The all-stock transaction will create one of the largest resources in the business with a combined operation of more than 20 manufacturing facilities and over 21,000 employees. The new company will use […]
MasterBrand Cabinets, Following Spin-off, Sees ‘Nostalgic’ Cabinetry Trend
Jasper, IN—Trends across fashion, art, and pop culture increasingly feel like a blast from the past and emerging home design preferences are no exception. According to a recent MasterBrand Cabinets survey of more than 750 industry experts, kitchen spaces have begun their transition away from the dominant Soft Modern style toward modern takes on nostalgic […]
MasterBrand, Inc. Cabinet Business to Spin Off from Fortune Brands by End of 2022
The parent of MasterBrand Cabinets says it will spin off its cabinetry operations as a separate, publicly traded business, MasterBrand, Inc., by the end of 2022. MasterBrand is the largest U.S. kitchen cabinet maker, with $2.9 billion in revenue last year. Announced in April 2022 and originally expected to close in April 2023, the separation […]
MasterBrand Cabinets to Separate from Fortune Brands
Deerfield, IL—Fortune Brands Home & Security, Inc. will separate into two publicly traded companies, spinning off its MasterBrand Cabinets and other cabinetry business into a freestanding publicly-traded firm. Fortune’s cabinet operations reported $777.1 million in revenue, rising 13 percent during the first quarter ended March 31, 2022. Fortune Brands’ Board of Directors authorized the company […]
MasterBrand Cabinets Expanding Kinston Plant
Kinston, NC—MasterBrand Cabinets, the largest cabinet manufacturer in North America, will expand its operations in Kinston, NC, in a move that could add 450 jobs over five years. Based in Jasper, IN and a unit of Fortune Brands Home & Security, MasterBrand Cabinets will invest more than $13.5 million to expand production capacity at its […]
MasterBrand Cabinets Sales Hit $716.5 M but Profits Lag
Jasper, IN—Customers are opting for more expensive cabinets, helping MasterBrand Cabinets third quarter sales rise nine percent to $716.5 million, and hitting $2.11 billion for the nine months ended September 30, 2021, a 16 percent increase. But MasterBrand, a unit of Fortune Brands Home & Security, Inc. (NYSE: FBHS) and the largest U.S. cabinet business, also […]
Sales Rose 31% at MasterBrand Cabinets
Jasper, IN—MasterBrand Cabinets, Inc. sales increased 31 percent in the second quarter, reaching $706 million in revenue for the unit of Fortune Brands Home & Security. Sales for the first six months reached $1.393 billion, up 20 percent. Nick Fink, CEO of MasterBrand’s parent corporation Fortune Brands, says the momentum will continue for years, since […]
As Cabinetry Sales Jump to $654M, MasterBrand Opens 840,000 sq.ft. Plant
Jackson, GA—Reporting third quarter kitchen cabinetry sales of $654 million – an 11 percent gain over 2019, – Fortune Brands will expand its MasterBrand Cabinets operation with an 840,000 sq. ft. plant in Jackson, GA. Fortune Brands also reported that profitability doubled for its cabinet business. “With this momentum, we have the ability to make […]