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In a $520 million deal, MasterBrand, the nation's largest cabinet company, has acquired Supreme Cabinetry Brands. MasterBrand said the deal is expected to bring annual cost savings of $28 million in procurement and production synergies, enhance its portfolio, and expand its dealer network and diversity of channel distribution.
The transaction provides MasterBrand with an expanded portfolio of cabinetry in the kitchen and bath categories.
Two Waterloo-based cabinet makers would become part of the same company through an acquisition announced Tuesday.
MasterBrand, Inc. (NYSE:MBC – Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 3,210,000 shares, a drop of 7.0% from the April 15th total of 3,450,000 shares. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is […]
MasterBrand, Inc. (NYSE:MBC – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 3,210,000 shares, a drop of 7.0% from the April 15th total of 3,450,000 shares. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is presently 2.8 days. […]