MasterBrand and American Woodmark to Merge in $3.6 Billion Deal, Creating $2.4 Billion Pro Forma Equity Value

MasterBrand and American Woodmark are merging in an all-stock transaction with a pro forma equity value of $2.4 billion and enterprise value of $3.6 billion. The combined company will have a broad portfolio and streamlined manufacturing profile, accelerating strategies and creating value for shareholders. The merger is expected to generate $639 million in adjusted EBITDA, inclusive of $90 million in cost synergies by year three. The deal is expected to enhance offerings and service for customers and consumers, while driving value for shareholders.