Has Masco Cabinetry been sold?
Masco completed the sale of its Masco Cabinetry business to ACProducts. Terms of the sale include $850 million in cash at closing and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million, according to a news release.
Who bought Masco Cabinetry?
ACProducts, Inc.
February 18, 2020 (ANN ARBOR) – ACProducts, Inc. (acpi®) has completed its acquisition of Masco Cabinetry. The two companies have come together to form Cabinetworks Group, a new national leader in kitchen and bath cabinetry.
Does Masco own kraftmaid?
KraftMaid® is the anchor brand of the Masco Retail Cabinet Group, a division of Masco Corporation of Taylor, Michigan and one of the world’s largest manufacturers of brand-name consumer products for the home and family.
Are Cardell and kraftmaid the same company?
Headquartered in Ann Arbor, Michigan, Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States, with brands that include: KraftMaid, Merillat, Medallion, Smart, Yorktowne, Echelon, Advanta, Studio Full Access, Master WoodCraft, Cabinets 2000, Cardell …
Does Masco own Merillat?
Merillat Industries, LLC, a wholly owned subsidiary of Masco Corporation, is the largest manufacturer of cabinetry for the kitchen, bath, and home in the United States.
Who bought KraftMaid?
ACProducts Inc
Business reporter MIDDLEFIELD — The company that owns kitchen and bathroom cabinet maker KraftMaid, which has manufacturing facilities in Ashtabula and Geauga counties, has sold the division to a Texas company. Friday’s announcement by Michigan-based Masco Corp. of the $1 billion sale to ACProducts Inc.
Are Merillat and KraftMaid cabinets the same?
Merillat Masterpiece includes a Lifetime Limited Warranty. Carolina Kitchen & Bath previously offered both Masterpiece and Kraftmaid cabinetry. The product specs. for both lines are virtually identical and manufactured at the same manufacturing plant.
What is the most popular kitchen cabinet style?
Shaker
Shaker. Shaker is the most stylistically versatile cabinet design. Thanks to its simple frame and panel structure, these cabinets blend in with either a traditional or a contemporary look.